Been Waiting for this Trade All Week! (Don’t Miss It!)

Finally Friday – let’s make it count!

Markets just took a dump off today’s high after rumor broke the Fed was gonna raise rates ahead of schedule…

This is good news for us traders – because we just pulled back into an area we’ve been watching all week…

Trades like these don’t come around every day, don’t wait too long…

E-Mini S&P (ES):

E-Mini Keys to Success:

Emini ES is bearish with a spike and channel pattern, which means sellers will be looking for shorts up near the “base” of the channel tomorrow morning.

If we turn sideways into a range, then sellers can look for shorts at resistance levels up above the range.

Buyers need to stay patient for now – it’s best to wait for a 2-try failure off the lows of a 123-Reversal going higher.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bearish into a spike and channel, which means sellers will be looking for shorts up around the “base” of the channel.

If we go sideways overnight, then sellers can start looking for shorts up at resistance levels above the range.

Buyers need to stay patient for now, waiting for a crown reversal to buy these lows, or a 123-Reversal going higher on strength.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is range-bound and trading at support just below today’s range.

Ranges act like magnets, so the plan is to buy low and sell high using failure setups until we see a breakout.

Buyers will be looking for longs going back up to range highs, and sellers will look for shorts off the highs.

Keep in mind – we have additional support levels waiting just below today’s range, so don’t chase a breakout lower.  It’s best to wait for a bounce off those lows using a 2-try failure pattern.