day trading strategies crude oil, gold, russell, euro, dollar index

Dollar Index gives us a few big clues this morning.  Inside the range from Tuesday we have a new bull price channel along with the AB=CD Pattern that will make our strategy easy to put together this morning.

Dollar Index 13 range chart shows us much more details and a BIG RED FLAG with this price wedge and inside day.  This price structure tells us to be very careful not to over-trade today.

Dollar average true range is falling this gives us more concerns about the current conditions in the markets we trade.

Gold Futures trading in the middle of a new price wedge, so be patient and use the dollar index correlation as your guide for this day trading strategy.

Crude Oil futures looking very bullish.  buy pullbacks above these highs with the target of the next big round number.

Crude 34range shows the extension of the AB=CD Pattern, which gives us some reference of WHERE this price MAY go.  looking to sell these new highs once we see the buyers start to fail.  final target short will be down to 100.00 area.

Russell futures are right in the middle of the price wedge, and it appears we may need to wait some time before the personality improves, so be patient.  Avoid this middle, buy the lows, sell the highs.

Russell 34range chart shows the price wedge and gives us the EXACT trading locations.  Follow the plan today, stay away from the middle.  hardest part will be patience to wait.