Everyone’s Watching *THIS* Pullback (Don’t Miss it!)

Markets are bullish going into Wednesday’s session, and with another strong run higher to finished today’s session, we know everyone’s waiting to buy the next deep pullback…

Where’s the best pullback to look for?

The Emini ES has a wedge on the chart, so my favorite pullback will be down near the “base” of that wedge…

Nasdaq is bullish into a range, so my favorite pullback will be either a key support level below the range, or a breakout-pullback going higher…

Crude Oil is bullish and there’s a “hidden channel” that I’d love to buy too!

Plenty of opportunity on the charts for tomorrow – don’t let it slip through your fingers.  Here are my favorites…

E-Mini S&P (ES):

E-Mini Keys to Success:

Buyers have control on the Emini ES with a bullish wedge this evening.

Wedges are usually considered a “runaway” type of market, which means there’s a lot of momentum behind this move.  Knowing this, we can assume that buyers will be looking for ways to get long on pullbacks ahead of this wedge target (resistance) overhead.

Sellers need to stay patient right now – buyers will likely be looking for ways to “buy the dip” so it will be best to wait for proof of a 123-Reversal before we get short.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bullish into a trading-range this evening.

With bulls in control, buyers will be looking for buy setups at support levels below the range, along with breakouts going higher.

Sellers will want to stay patient right now until they see a change in momentum, preferably with a 123-Reversal off today’s high.  If we can get the reversal, then look to short the “first test” off the high of a new channel on the way back to the range where the day began.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

We’re bullish into a range on Crude Oil tonight.

With such a strong push higher (into a range) it’s safe to assume buyers will be eager to get long at support levels below this range, or ready to buy a breakout going higher.

Sellers have a tough job ahead of them because of this bullish strength, but also because of this support trend-line in their way.  They’ll need to get a 123-Reversal off the highs, then look for a short off the new channel high.