Watch these Price-Action Trades on Tuesday

Are You Ready for Tuesday?

The Emini collapsed off the high, Gold looks ripe for a short, and the Nasdaq keeps bouncing around inside a range;  tons of good setups on my radar for tomorrow…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Trending Market = Continuations, Reversals & new Ranges
• Strong move lower gives the bears enough momentum to complete a full pendulum-swing on the opposite side of the range, but selling inside this range might be messy!
• Sellers will be looking to short the high of this channel, but they’ll be wise to wait for buyers to struggle and sell into their stops!
• Buyers need to stay patient for exhaustion off these lows, or a 123-Reversal going back higher.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the 2-Try breakout (or) buy the 2-Try Reversal
• SIDEWAYS – avoid the middle of the range, wait for a breakout

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Nasdaq is rotating back and forth from high to low of the range. 
• We don’t have strong momentum (like the Emini ES) so the focus will be using the range as a magnet; buying low and selling high with Failure Setups

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout (or) sell the buyer failure
• DOWN – buy the seller failure (or) sell the 123-breakout
• SIDEWAYS – sit on hands, avoid the middle, wait for a breakout

Gold Futures (GC):

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Sellers took control last week and started this week with a range, which means sellers will likely see this pullback as a great opportunity to get short going back into the range.  The only problem is, we have a very strong breakout higher!
• Sellers will want to stay patient looking for ways to sell into stops of the buyers (who are trying to retest the recent high)
• If buyers can hold this pullback and run higher with a 123-Reversal, we then look for buying opportunities off channel lows on the way up to major highs from last week.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-Reversal & buy the 2-try trap
• DOWN – sell the buyer failure & sell the trap of hidden channel high