Can Buyers Finish This Reversal? (Friday’s Plan)

Charts are prepped for Friday, and with momentum turning bullish off today’s lows, it looks like buyers have a great opportunity to run these markets higher on Friday morning…

The Emini is racing higher after a 123-Reversal, Nasdaq is turning off today’s lows, and Gold is sitting at the perfect place to get long below this week’s range. 

Where’s the best place to get long on Friday?  I’ll give you all the details in tonight’s video.  Don’t buy any pullbacks until you watch this newsletter…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Day began as a bearish range, but a ‘pendulum swing’ off the lows sent prices racing higher back to the range from earlier this week!
• Bulls want to buy the next pullback around the lows of the new channel
• Bears want to reverse the trend back to the range from this morning.

Best Trades for Tomorrow: 

• [UP] – 2-try trap to buy (or) crown reversal to sell major resistance
• [DOWN] – seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait to buy below the trading-range

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Bears unable to hold price below last week’s range, causing price to ‘pendulum swing’ back higher for the bulls.
• Bulls want to get into pullbacks on the way up to the ‘pendulum swing’ target
• Bears want to

Best Trades for Tomorrow:

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

Gold Futures (GC):

Gold Keys to Success:

• Range-bound market tells us to use the range as a price-magnet.  Buy low, sell high, focus on failures around the edges of the range.
• Bulls want to run back to the high of the range
• Bears want to hold this momentum and breakout to new lows

Best Trades for Tomorrow:

• [UP] – 2-try trap to buy (or) buyer failure to sell above range highs
• [DOWN] – nested failure to buy (or) 123-breakout to sell
• [SIDEWAYS] – sit on hands, wait to buy low, sell high with failures