Are You Ready for Thursday’s Breakout?

Another great day comes to an end, but Thursday’s opening bell is just around the corner, and I want to make sure you know where to find the best entries and exits…

Markets are trading inside of ranges again today, which means our focus tomorrow will be trading breakouts and capitalizing on failures.  In fact, all three of our favorite markets are ripe for a breakout tomorrow morning, here’s my trading plan…

E-Mini Keys to Success:

• Bullish into a range, rotation off the low, target is pendulum swing for bulls.
• Bulls Want to complete the pendulum swing and reach all-time highs again.
• Bears Want to reverse momentum and run back into last week’s range (3780)

Best Setups for Tomorrow: 

• [UP] – 2-try trap to buy (or) crown reversal to sell
• [DOWN] – nested seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands and wait for breakout

Crude Oil Keys to Success:

• Bullish into (maybe) range, or spike and channel.
• Bulls Want to buy support below range, or buy retest of high
• Bears Want to complete range pendulum-swing lower.

Best Setups for Tomorrow:

• [UP] – nested seller failure to buy, 123-breakout to buy (or) crown reversal to sell
• [DOWN] – nested seller failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait for a breakout

Gold Keys to Success:

• Bearish into range, sellers keep shorting the pops
• Bears Want to sell resistance levels above range
• Bulls Want to breakout higher back to last week’s range (1860)

Best Setups for Tomorrow:

• [UP] – buyer failure to sell (or) 123-breakout to buy
• [DOWN] – 123-breakout to sell (or) crown reversal to buy
• [SIDEWAYS] – sit on hands, wait for a breakout