3 Secrets for Trading Range-Bound Markets

We’re back after Easter Weekend with a bunch of ranges to trade with tomorrow morning…

What’s the secret to trading these sideways markets?

Ranges act like price-magnets, and with the bulls in control of momentum, I’ll be looking for ways to buy seller failures and bull breakouts tomorrow morning…

In fact, there are 3 key entry patterns I look for whenever I see a trading-range on the chart.  Whatever you do, don’t buy the breakout until you watch tonight’s video…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Strong bull run into a trading-range.
• Bulls want to get long at support levels below the range, or trade breakouts to 4100.
• Bears want to reverse the trend back to the 4030 range below.

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] – sit on hands, wait to fade the breakouts

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Strong run higher into a sideways trading-range for the bulls.
• Bulls want to get long at support levels below the trading-range
• Bears want to reverse the trend for a move back to fill the Weekend Gap

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] – avoid the middle, buy low with failures

Gold Futures (GC):

Gold Keys to Success:

• Bullish into a range trading sideways
• Bulls want to get long at support levels below the range
• Bears want to reverse the trend for a run back to major lows.

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] – avoid the middle, wait to buy low with seller failures