Favorite Trades for Friday (Focus on Failures!)

We’re seeing nothing but range-bound markets ahead of Friday’s trading session, which means our plan is rather simple;  buy support levels below the range, sell resistance levels above the range, and focus on failure patterns to trigger the entry.  Here are my favorite trade setups to finish the week strong…

E-Mini Sellers Would Love to Short the Next Bounce…

E-Mini S&P is bearish and trying to complete a pendulum swing back down to the lows of the weekly range, which means I’ll be looking to get short at key resistance levels using buyer failure patterns…

Crude Oil Buyers Have It Now, But Will It Last?

Crude Oil is bullish in the short-term, but it’s easy to see why buyers might be in trouble on Friday morning.  We’re “four legs up” and trading into major resistance above the weekly range, which tells me to stay focused on failures going back down to range lows again tomorrow morning…

Gold Sellers Need Buyers to Try and Fail Off The Highs…

Gold is bullish and trying to retest today’s high, but with today being a “range day”, I know the most reliable entries will be selling back into the range.  My only concern is a support trend-line just below us, so I’ll be looking for bull traps to trigger the entry…