Are You Watching These Support Levels on Tuesday?

We’re back in the action after Super Bowl Weekend, and the market’s picked-up right where they left off last week;  bullish trends and price just keeps climbing higher…

Knowing this, I’m looking for ways to buy pullbacks at support levels, but when I look at the charts tonight, I’m seeing wedges and ranges that tell me to choose wisely…

So before you buy the next pullback, make sure you know where these important support levels are, because this is where I’ll be looking for my entries on Tuesday morning…

E-Mini Keys to Success:

• Bullish gap to start the day, buyers kept buying the dips until they pushed to new highs.  We’re trading in a wedge, looking to buy the low of the wedge.
• Bulls Want to buy pullbacks to support levels
• Bears Want to reverse the trend with a 123-Reversal

Best Setups for Tomorrow: 

• [UP] – 2-Try breakout to buy (or) crown reversal to sell
• [DOWN] – seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait to buy below the range.

Nasdaq Keys to Success:

• Bullish into a range, buy below it, or buy the breakout
• Bulls Want to buy pullbacks on the way to the measured-move
• Bears Want to reverse the trend

Best Setups for Tomorrow: 

• [UP] – 2-try trap to buy (or) crown reversal to sell
• [DOWN] – seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait for breakout

Crude Oil Keys to Success:

• Bull spike and channel, maybe bull wedge running higher
• Bulls Want to buy pullbacks to support levels below we reach the target
• Bears Want to reverse the trend and go back to last week’s range.

Best Setups for Tomorrow:

• [UP] – 2-try trap to buy (or) crown reversal to sell
• [DOWN] – shallow traps & deep pullback failures to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait to buy seller failure below the range

Gold Keys to Success:

• Strong bull run back to last week’s range.  Expect a range, spike and channel, or deep pullback off highs tomorrow morning
• Bulls Want to buy support levels on the way back to recent highs
• Bears Want to reverse the trend back to the 1800 round number

Best Setups for Tomorrow:

• [UP] – 123-breakout to buy (or) crown reversal to sell
• [DOWN] – seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait to buy seller failures below the range