I’d Love to Short this Pop! (Reversal Strategy)

Man, I hope I get to short this pop!

The Eminis are bullish tonight, and since we didn’t get any meaningful pullbacks today, I’ll be looking for (2) types of pullbacks to get long tomorrow…

Gold is bearish, and with a range in the middle of the chart, I can only hope I get the chance to short the pop above the range tomorrow morning…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Trending Market = Continuations, Reversals & new Ranges
• We’re bullish, grinding higher on low volume on the way back up to the range from earlier in July.
• Buyers haven’t been given many opportunities to buy low, so any pullback will likely be seen as a buying opportunity.
• Sellers need to stay patient for a change in momentum, then they can attack going back into the range where the day began.

Top 3 Trades for Tomorrow: 

• UP – buy the 2-try trap (or) sell the bounce reversal
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – define new range, then buy support below it.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Trending Market = Continuations, Reversals & new Ranges
• Bulls have control on the way up to completing a major measured-move and retesting a major (resistance) high.
• Buyers will be looking for pullback opportunities down near channel lows and support levels.
• Sellers need to stay patience for either a reversal, or signs of exhaustion up around this resistance area.

Top 3 Trades for Tomorrow: 

• UP – buy the 2-try trap (or) sell the bounce reversal
• DOWN – buy the seller failure (or) sell the 123-Reversal

Gold Futures (GC):

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bearish into a range with a pendulum-swing coming up from below.
• Bears will be looking for selling opportunities at resistance above the range and breakouts going lower.
• Buyers can look to buy major lows below the range with exhaustion, or buy a 123-breakout going higher.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-breakout
• DOWN – sell the 2-try trap (or) buy the seller failure off lows
• SIDEWAYS – sit on hands to avoid the middle of the range, wait to sell high.