Quadruple Witching Strategy

Tomorrow is “Quadruple Witching”, which means our window of opportunity will be a little smaller than your typical Friday session, but you know me, that’s not going to stop us from finding some powerful trade set-ups in tonight’s newsletter…

And as I look at these charts tonight, I can see some expanding triangles and potential range-bound markets as we finish up the week, which means the plan is simple; fade the breakouts and focus on failures for most of our markets – are you ready?

Crude Oil Bears Are Waiting to Sell the Bounce

Crude Oil is bearish into a Spike & Channel, which tells me to look for sell set-ups up above the highs of the channel.

But we also had a very strong run higher to start today’s session, telling us that this might just be a deep pullback, and if that’s the case, I’m looking for a 2-Try Breakout Pattern to get in long before we re-test the 59.49 highs.

E-Mini S&P 123-Reversal into Hidden Channel

E-Mini S&P is bearish after a 123-Reversal off today’s high, which means I’m looking for sell set-ups at resistance levels overhead, and I have my eyes on selling the high of a new Hidden Channel.

I’m also watching to see if price collapses back to 3000, and if it does, I’m going to use that round-number as a price-magnet to buy low and sell high for the remainder of the session.

Nasdaq Bears Looking for Range Rotation

Nasdaq is bearish into a narrow trading-range, which tells me to look for sell set-ups using resistance levels overhead, and I have my eyes on the “expansion” levels for a buyer-failure pattern entry short.

And don’t forget about that trading-range from earlier this week, because if price keeps going lower we’ll be right back in that range, buying low, selling high, and fading the breakouts again tomorrow morning.

Gold Has Two Options From Here

Gold is bullish and trading sideways with a narrow range, which means I’m looking for buy set-ups using support levels below the trading-range tomorrow morning.

And I can see FOUR different support levels all coming together around 1500, so all I need is the pullback and the entry signal to get long back to the highs.

Euro Headed Back into the Range, Where’s the Entry?

Euro is bearish and headed back into the range from this morning, and since we’re going back into the range, my plan is to focus on failures, selling above the highs and buying below the low on Friday morning.

“I failed all my classes and that’s why I’m winning. In hindsight, the fact that I was considered a failure for the first 18 years of my life has become the foundation of my success.”