Four Set-ups for Friday
Wow – we saw some big moves on the charts today, telling me to prepare for four possible scenarios on Friday morning…
And with tomorrow being the end of the week and the end of the month, I know there’s gonna be some fireworks to trade with, are you ready?
Crude Oil Ran Hard Today – Are We Finished?
Crude Oil is bearish after this morning’s inventory report, and with four strong legs lower, we know this market is waiting to sell into the next pullback…
And with all this strength going lower, I need to be ready for four (4) possible scenarios on Friday morning.
E-Mini S&P is Range-Bound into Friday
E-Mini S&P is bullish into a narrow trading-range this evening, which tells me to look for buying opportunities using seller-failures below the low of the range.
And don’t forget about the possible short-covering rally – with a clear bull wedge on the chart, I’m keeping my eyes open for a 123-Breakout for a strong run higher.
Nasdaq is Playing with Cards Up!
Nasdaq is bullish and range-bound this evening, which tells me to buy the low, sell the high, and avoid the middle on Friday morning.
And just like the ES, there’s a bull wedge giving us a big clue ahead of a possible run all the way back into the range where we started the week!
Gold is Begging for a Pullback (But Where?)
Gold is bullish with two (strong) symmetrical legs higher, which tells me to look for buying opportunities at key support levels using a seller-failure pattern…
And just like Crude Oil, the strength of this move higher today, tells me to be ready for those four (4) specific set-ups on Friday morning.
Euro is Bearish, But I Smell the Bulls!
Euro is bearish and trading at the low of a range, which is a horrible place to look for sell set-ups…
But when you look a bit closer, you can see we have lots of major support on the chart, which tells me to look for a “crown reversal” set-up for a rally back to the highs on Friday morning.
“Defeat is a state of mind; No one is ever defeated until defeat has been accepted as a reality.“
