Mid-Line Trading Strategy

Markets did a good job climbing higher at the beginning of today’s session, but as the closing-bell rings we can see the bears have taken control of most of our favorite markets…

And whenever I see a late-session change in direction like this, I always look for those last-minute buyers, buying the deep pullback, because when they fail, there will be excellent opportunity for the bears tomorrow morning – are you ready?

Crude Oil is Back with the Bears, Where’s the Entry?

Crude Oil is bears after the bulls failed to hold the highs this afternoon, and this strong momentum swing back for the bears tells me there will likely be another leg coming tomorrow morning…

Knowing this, I’m looking for sell set-ups at key resistance levels overhead, and I love the high of a new Hidden Channel for a buyer-failure going back to 52.00 on Tuesday.

E-Mini S&P Goes Back into the Range…

E-Mini S&P is bearish after the sellers grabbed control with the 123-Reversal, but now we’re back inside the range, which is a horrible place to start selling…

A better plan would be to wait for another try for the buyers, because I’d love to get short off the highs of the resistance levels overhead in the battle-zone tomorrow morning.

Nasdaq Bears Want That Hidden Channel…

Nasdaq is bearish and back inside the range where today’s session began, and with this 123-Reversal off today’s high, I’d like to find sell set-ups off the high of a new Hidden Channel.

But if price keeps pushing lower, I’m then going to avoid selling below the range and focus on buying with a “nested” failure pattern with a target back up to range highs.

Gold’s Wide Channel Tells Me to Watch the Mid-Line

Gold is bearish with a strong run lower, which tells me to expect another leg in the same direction.

But I’d like to find a reliable resistance levels to combine with the entry set-up, and I have my eyes on the mid-line of this wide bear channel which conveniently lines up with the low of last week’s trading-range.

“As long as you’re working for someone else you will never be living entirely true to yourself and your passion.”