Am I Too Early for this Reversal?

We’re back to our desks for the final week of April, and we have a ton of great opportunities setting-up for Tuesday morning…

The Eminis are bullish and trying to push through to new all-time highs –am I crazy to look for a reversal up at these highs?

And how about Gold? Gold has the potential for a major rotation off today’s lows, but I keep wondering – am I too early for this reversal?

Buyers have control as price trades sideways just below the all-time highs.
We assume this market is treading water ahead of tonight’s TSLA earnings release
Buyers are waiting for either a deep pullback to allow them to buy low, or a bull breakout to give them the proof they need to make a run up to 4200.

Best Trades for Tomorrow:

The day began in a range, but buyers got their 123-breakout just below lunch and slowly pushed up to the 14,000 round number where it appears they’re going to develop into a new range overnight ahead of earnings.
Buyers would love to buy a pullback to the low of the larger channel, but they need to beware trying to buy breakouts into the all-time highs.

Best Trades for Tomorrow:

We spent most of the day trading inside a range, but the strong shot lower, combined with the rotation off the lows of the range give the buyers an edge over momentum.
Buyers will try to hold this momentum for a major reversal going back to last week’s highs.
Sellers need to hold the ‘pendulum swing’ resistance level for a return back to the range again.

Best Trades for Tomorrow: