Don’t Miss these Pullbacks on Wednesday!

Well that escalated quickly, wow!

The Eminis made an incredible reversal today and finished the session right up at their highs; I’m waiting for a pullback, and I have (3) specific locations on my radar…

Gold might be the most exciting market for tomorrow; we’re sitting right at pendulum-swing support so I’ll be looking for a snap back to retest the highs…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Trending Market = Continuations, Reversals & new Ranges
• Big Move today often means a small range tomorrow
• Buyers got a complete reversal today, running all the way back to where the week began on Monday morning.
• Buyers have control, so they’ll be looking for buying opportunities on pullbacks to the low of this channel, or buying breakouts on the way back to the all-time highs
• Sellers must be careful because they don’t have any momentum.  Wait for a 123-Reversal and then short the bounces.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout (or) sell the bounce reversal
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – sit on hands and wait for a pullback or breakout

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Trending Market = Continuations, Reversals & new Ranges
• Big moves today often mean small ranges tomorrow FYI
• Buyers have a strong run higher with an open-loop still waiting to be closed.
• Buyers will be looking for entries on this pullback; shallow pullback traps, deep pullback failures
• Sellers have no momentum, so they need to stay patient and wait for a reversal, or signs of exhaustion at the highs.

Top 3 Trades for Tomorrow: 

• UP – Buy the 2-try trap (or) sell the bounce reversal
• DOWN – buyer failure the seller failure (or) sell the 123-Reversal
• SIDEWAYS – avoid the range and wait for a pullback or breakout

Gold Futures (GC):

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bulls took it higher into a range, and after a strong breakout attempt, sellers took it lower on strength, completing a pendulum-swing and giving them a chance to great control of this market tomorrow morning
• Buyers have the slight edge below the range magnet, so they’ll be looking for seller failures to get long going back to the highs.
• Sellers have a great opportunity to either short the next pullback or sell the breakout going lower.

Top 3 Trades for Tomorrow: 

• UP – buy the 2-try trap (or) sell the buyer failure
• DOWN – buy the seller failure (or) sell the 123-breakout
• SIDEWAYS – wait for the new range, then sell above the highs.