I’d Love to Buy this Pullback – Do You See It?

Markets are bullish going into Wednesday’s trading session, and with strong runs higher to finish today’s session, I’d love to buy some deep pullbacks before we retest the highs tomorrow morning…

The only challenge I see is the potential for these markets to trade sideways overnight.  If they do, I’ll start looking for ways to get long below those ranges using failure setups…  let me show you where to find the best entries…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Strong bull breakout above today’s range.  Expect a deep pullback or a sideways trading-range tomorrow.
• Bulls want to buy a deep pullback off today’s highs
• Bears want to short back into the range(s) below

Best Trades for Tomorrow: 

• [UP] – 123-breakout to buy (or) nested failure to sell
• [DOWN] – seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – wait for the range to form, then buy below using failures

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Bullish into a range, then strong bull breakout higher.
• Will they go sideways around 14,000 or pull back into the low of the channel?
• Bulls want to buy the pullback near the new channel low
• Bears want to reverse this trend back into the range from Monday

Best Trades for Tomorrow:

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

Gold Futures (GC):

Gold Keys to Success:

• Bullish reversal off the overnight low ends in a triangle/range.
• Bulls want to buy the pullback below the range lows
• Bears want to reverse the momentum for a retest of today’s low.

Best Trades for Tomorrow:

• [UP] – spike and channel to buy (or) nested failure to sell
• [DOWN] – seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait to buy below the range.