Last-Minute Entry Patterns (My Plan for Wednesday)
Markets are on the move this evening; sellers are trying to retest major lows on Crude Oil and the Eminis while Gold is pushing up into the highs of the weekly range…
I’m looking for shorts across all three markets tomorrow, but with major support levels just below us, I’ll be picking my spots wisely with some last-minute entry patterns. Are you ready for Wednesday?
E-Mini Sellers Staying Patient to Short the Pops…
E-Mini S&P is bearish and collapsing back to Monday’s low, and with all this bearish momentum I’ll be looking to get short at key resistance overhead…
My biggest concern, however, is selling into Monday’s low, so I’ll be looking for bull traps and buyer failures to avoid getting caught…
Crude Oil Sellers Have Monday’s Low on Their Radar…
Crude Oil is bearish and falling off a cliff after filling the “weekend gap” overhead, which tells me to get short on the next pullback to resistance trend-lines overhead…
One big clue to keep in mind is a rising support trend-line, which will make a great place to get short on a last-minute entry…
Gold Bulls Need to Push This, or Get Outta the Way!
Gold is bullish and trading up at the high of the weekly range, which is a great place to be looking short, but momentum is a bit too strong to just sell it…
Knowing this, I’ll be looking for buyers to try and fail at these highs so I can get short into stops with a nested failure pattern…
