“Blended” Range Strategy

We saw some big moves in today’s trading session, and those big moves gives us some big targets for Wednesday morning…

But the challenge for tomorrow morning is using these “blended” trading-ranges correctly – which requires us to thread the needle carefully – are you ready? 

Crude Tells Me to Stay Patient for More Info…

Crude Oil is bearish with a strong spike lower, which tells me to look for another leg in the same direction…

And to find the entry, I’m watching to see what we get – whether it’s a range, channel, flag, or possibly a 123-Reversal.

E-Mini S&P is “Blending” Two Ranges…

E-Mini S&P is bearish into a trading-range, but look closely and we can see that there are two ranges on top of each other on this chart…

I call these “blended” ranges, and since the range from yesterday is above today’s range, my focus will be using seller-failures to buy the low of the most recent range.

Nasdaq Tells Us to Keep Watching That Trend Line

Nasdaq is bearish into a wide trading-range, but look closely and you can see that just below this range are multiple support levels, and just above this range is the range from yesterday…

I treat these situations as “blended” ranges, and they tell me to use the support levels below the most recent range for buy set-ups going back up into the range from yesterday.

Gold Just Got Rejected by the Sellers

Gold is bearish and trading at the low of a channel, just a few points below the trading-range from yesterday…

But the real clue is the major support at 1402.7, which was just rejected by the bears, telling me to look for buy set-ups using a “nested” failure pattern.

Euro Combines Three Chart Patterns

Euro is bearish into a combination of three different chart patterns – a trading-range, Spike & Channel, and expanding triangle…

And all of these patterns give us key resistance levels for sell set-ups on Wednesday morning.

“Enter every activity without giving mental recognition to the possibility of defeat. Concentrate on your strengths, instead of your weaknesses… on your powers, instead of your problems.”