Blended Range Trading Strategy

Markets continue to remain “balanced” as we head into the end of March, and with most of our favorite markets dealing with multiple trading-ranges, the best plan of attack for Thursday is to use my “blended range” trading strategy.

Crude Oil Wants Another Shot at $60

Crude Oil is bullish and sitting inside a narrow trading-range this evening, which tells me to look for buying opportunities using seller-failure patterns down below the range lows tomorrow morning.

On the flip side, if the buyers try to run it higher (without the pullback) my plan is to wait for the sellers to get into trouble before buying into their stops on the way back to the $60 target overhead.

E-Mini S&P is Range-Bound – Did You See the Channel?

E-Mini S&P is bullish and trying to run all the way back to re-test this morning’s high, but a short-term trading-range is telling me I need to stay patient.

Knowing this, my plan is to look for buy set-ups below this range low, ideally around the low of a Hidden Channel.

Nasdaq Wants Lower, But I’m Watching for FAILURE

Nasdaq is bullish ahead of a short-covering rally back to re-test this morning’s high, but a small trading-range on the chart tells me I need to avoid buying into the high.

To avoid this potential trap, my plan is to wait for a deep pullback, something that will sucker-in the sellers and give me the opportunity to buy into their failure for an easy run back to the highs.

Gold is Bearish, But Can You Find the Objective?

Gold is bearish and just a few points away from reaching it’s measured-move objective, which tells me that sellers are running out of time.

Knowing this, I’m waiting for the opportunity to buy this market once those sellers make the mistake of selling into the measured-move support.

Euro Is Hunting for Another Symmetrical Target

Euro is bearish with a Spike & Range pattern, which tells me to look for selling-opportunities up above the range highs using buyer-failures.

It’s also worth mentioning that the measured-move target is just a few points lower, and once it’s reached, will likely be a launching point for the buyers to make a run back to re-test this morning’s high.

“The one thing we can always control in this unpredictable life, is our effort. Effort creates action, action creates momentum, momentum creates success.”