Election Day Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude Oil is bearish with a strong move lower, telling me to stay patient and sell into buyer-failures up at the high of a hidden channel tomorrow morning…
E-Mini S&P is bullish with a channel, but a key resistance levels warms me not to buy right now, but stay patient and look for buying opportunities after a deep pullback…
Nasdaq is bearish and trading at the high of a Spike & Channel, but a very small clue around the moving-average, combined with a key support trend-line tells me the bears might be walking into a trap tomorrow morning…
Gold is bullish with a trading-range, telling me to buy the lows using the 2-Try Failure pattern, but we need to clear this falling resistance level first…
Euro is bullish with a sharp move back above key resistance, so my plan for tomorrow is to look for buying opportunities using that same resistance level as support…
Tomorrow is Election Day in the United States, and with everyone headed to the polls, we’re expecting a slightly different twist in tomorrow’s markets, and as always, I have a rock-solid plan of attack…
Crude Oil Day Trading Strategy
Crude Oil is bearish with a strong move lower, hidden channel, and measured-move on the chart this evening…
We say this almost every evening on this Nightly Newsletter… any time we see a strong move in one direction, we expect a ‘2-legged pullback’ and a re-test of the low… and that’s exactly what im waiting for tomorrow morning…
We have a nice strong move down, telling me to sell at resistance, and I have a hidden channel to combine with either bull-trap or a buyer-failure above the moving-average…
One thing I should also mention – any time we see such a big move in such a short period of time, the odds are good we get a trading-range the following day…
So if we do get the range, then the plan shifts to selling with the 2-Try Failure pattern above the range high…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish with a channel, measured-move and trading-range on the chart tonight…
The bulls certainly have the momentum right now – they’ve been unsuccessful trying to go back into this range this morning, so we have to stick with them until proven otherwise…
Knowing this, we’re also testing the measured-move resistance, telling me that if I do want to buy, I need to wait for a DEEP pullback off these highs for a more reliable entry…
So my plan is to look for a deep pullback, deep enough to get the sellers chasing the move lower, then I can look for the seller-failure pattern to buy going back up to re-test last week’s high…
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bearish with a Spike & Channel, trading-range, and support trend-line on the chart this evening…
The bears have overall momentum at their backs right now, and being at the high of the channel is a great place to sell – however – the recent push above the moving-average has some strength to it, and this rising support trend-line ultimately prevents me from selling into a buyer-failure…
Knowing this – if we can push through this rising support trend-line Id like to use as resistance for a breakout-pullback back down to the lows tomorrow morning…
However, I think what’s more likely is for these sellers to fail on this next sell, and if the support trend-line holds, I like the idea of using a trap-low entry for buying opportunities going back into the range…
Gold Day Trading Strategy
Gold is bullish with a trading-range, reversal-line, and resistance trend-line on the chart this evening…
The bulls took control with the strong run higher into this trading-range to start the month of November and the bears have yet to take it back…
And the plan with a bull trading-range is to buy low using the ‘2-Try Rule’ and seller-failures…
We have one try for the sellers, and now just waiting to see the second try before I start looking for buying opportunities and I would like to use this resistance trend-line as support for the move back higher…
Euro Day Trading Strategy
Euro is bullish with a strong move back above the moving-average, a hidden channel, and measured-move on the chart tonight…
The move back above the moving-average gives the momentum back to the bulls, so now we just need to find a support level to combine with the entry pattern tomorrow morning…
Assuming we get the pullback, I’m looking for a bear-trap in combination with a seller-failure for buying opportunities going back up to re-test the high…
