My Favorite Pattern for Trading Quad Witching

It’s that time of the quarter again!

Tomorrow’s the 3^rd Friday of June which means it’s Quadruple Witching…

Some people say you can’t trade Quad Witching, but I disagree, you just need to know what you’re looking for and stay patient…

What am I looking for tomorrow? If I could only trade one pattern on Friday, this is it. Keep your eyes open for this tomorrow morning…

Bulls got their reversal off the lows and finished the day with a bullish range.
With buyers in control of momentum, I’ll be looking for longs at support below the range and breakouts to new highs.
Sellers need to be careful; they can’t sell as it goes higher, and they need to get back control before they get short going lower. Won’t be easy unless they get a strong spike lower.

Best Trades for Tomorrow:

Sellers tried their best, but the buyers were too much coming off the lows and the finished the day with a strong run back to the all-time highs where they’re developing into a trading-range.
Bulls have control, but they don’t have many options at these highs. I’ll be looking for a pullback to buy the dip, or a breakout to buy strength.
Sellers need to stay patient and wait for a reversal off the highs, or a pullback that fails and runs lower.

Best Trades for Tomorrow:

Bears have control with a strong run lower, ending the day with a range and spike and channel on the chart.
Sellers have control, but we’re below the range, so a pullback will be dangerous to sell until we see exhaustion for the bulls.
I’ll be looking to buy off these lows and buy the slingshot reversal if price spikes higher.
I’ll be looking to sell up around the pendulum-swing resistance, but I’ll have to wait for buyers to exhaust first.

Best Trades for Tomorrow: