Big Little Trading Clues

These markets are RED HOT going into Friday’s Non-Farm Payroll Report, but forget the big moves on the chart, it’s the LITTLE clues that are making the biggest impact on my trading plan for Friday morning.

Crude Oil is bearish, but look closely and you can see this is likely just a ‘pendulum swing’ coming of the range high, which means we’re most likely going to find our way back up to re-test the highs tomorrow morning.

E-Mini S&P is bullish, but can we really trust this most recent move?  I’m seeing a bunch of little clues that tell me exactly where the most reliable opportunities will be tomorrow morning.

Nasdaq is bullish into a trading-range, which tells me to buy the low of the range, but another little clue (trend-line) is telling me I need to beware getting too aggressive!

Gold is bearish, but the low of the range is a horrible place to sell, so I hope we see the sellers FAIL so we can ride this market all the way back to the highs.

Euro is bearish with a strong run lower, which is tempting to sell short, but a tiny little clue on the chart is telling me this move lower might just be setting-up for a monster rally back to the highs!

Crude Oil is Bearish, But Look Closely

The strong move lower certainly tells me the bears have control, but we’re trading at the low of the trading-range, which is the LAST place I want to sell.

Knowing this, my plan is to look for buying opportunities using the 2-Try Failure pattern with a target running back to the range high.

E-Mini S&P is Bullish, But Can we Trust It?

We have a big strong run higher on the E-Mini S&P tonight, but this looks WAY too high to start buying, so I’m waiting for a pullback.

Speaking of pullback, id love to see price come back down to the low of this range so I can buy into the stops of the sellers who want to chase the price lower – gotcha!

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Nasdaq Looks Confused (But Still Bullish)

Yes, the Nasdaq is certainly bullish, but with double-tops and double-bottoms it looks like we’re going into a range.

Knowing this, my plan is to buy the low of the range using seller-failures, with the goal of AVOIDING the resistance trend-line coming down overhead.

Gold Might Be a Dead Man Walking

Gold is certainly bearish, but looking closely at the chart and you can see we’re trading near the low of today’s range.

This tells me to expect the sellers to be waiting on the next pullback, but the low of this range should give me plenty of opportunity to buy into the sellers’ stops for a nice rally back to the high.

Euro is Trying to Pick My Pocket

The Euro is bearish with a strong run lower, but the little of clues on this chart is telling us to steer clear of the sell-side until we see a little more information.

The key is the rising support trend-line, which is almost FLAT on the chart, and is going to make life really hard for the sellers until they can show us some proof to the downside, and if they can’t, we’re going to look for a rally back to the highs tomorrow morning.