Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude has broken above the wedge high and hasn’t turned back. I am looking to sell back down for a retest. With the bullish move we had going up, I am not sure we will see a retest of that level for a while. If we continue higher I will be looking to buy on up with wave patterns and TZ pullbacks.

Euro 60-Minute

The Euro is at the BMT/Wedge Low/ AND LC Buy Zone. I am looking to buy this back up to 1.3285 and up. We do have some big news this morning at 8:30 with the Continuing Jobless Claims and Initial Jobless Claims that might throw a wrench in the plan for today. If that news pushes us lower I will be looking to go short to 1.3209 for a blow-off.

Gold 60-Minute

Gold is approaching the minor wedge high above. I am looking to sell this back down to 1320.7 and if it keeps going past that, 1315.6. We had the blow-off we were expecting at the BMT but quickly pushed right back up and are now stuck.

Russell 60-Minute

The Russell is approaching the wedge high right now. I am looking to sell this back down to 1048.3. We had a blow-off the last time we approached this high, so I will be expecting the same.

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