4 Trades I’m Waiting for on Non-Farm Friday

This party aint over yet guys…

Tomorrow is “Non-Farm Friday” which means we have some of the biggest news of the week just before the Open…

Combine that with the fact that we’re sitting at fresh all-time highs with ranges below us, and you have a recipe for some exciting opportunities…

Emini and Nasdaq are both range-bound — so I’m looking for breakouts and reversals (would love a slingshot reversal)…

Crude Oil is bearish — with such a big move down today, I’m watching for shorts on the next DEEP pullback off these lows (keep your eye on $80)…

How deep?  What’s the best entry?  I’ll cover all those details in the video…

Lots of great trades to watch on Friday, but these (4) are my favorite…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Bullish into a range on the Emini today.
• Buyers had a strong move to start the session and they just retested, a likely place for profit-taking or a breakout attempt.
• Buyers need to wait for proof for a breakout before buying up here.
• Sellers can sell short with reversal patterns, and can look for shorts as we rotate lower.

Best Trades for Tomorrow: 

• UP – buy the bull breakout (or) sell the buyer failure
• DOWN – sell the 123-Reversal & sell the Slingshot breakout

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• We’re bullish with a spike and channel into a range on Nasdaq.
• Spike and channels love to give us deep pullbacks down near the “base” of the channel, so buyers should stay patient.
• If this range persists, we then focus on buying support levels below the range and buying breakouts going higher.
• Sellers will look for shorts off the highs, along with reversals running lower.

Best Trades for Tomorrow: 

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

Crude Oil Futures (CL):

Crude Oil Keys to Success:

• Wild moves today usually mean a narrow range is coming tomorrow.
• Sellers have control with a strong move down on Crude Oil, suggesting bears will be looking for another leg in the same direction.
• Sellers will be watching this pullback for an entry short.
• Buyers will be watching for a reversal going higher, or a bounce reversal off the lows.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the breakout
• SIDEWAYS – wait for the range, sell resistance levels above it.