September 20, 2018

Quadruple Witching Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

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“…maybe sometimes it’s riskier not to take a risk. Sometimes all you’re guaranteeing is that things will stay the same.”

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Crude Oil is bearish with a wedge that’s almost completed, telling me to look for selling-opportunities after a deep correction off these lows…

E-Mini S&P is bullish with a Spike & Channel, telling me to look for buying opportunities using a deep pullback, and I have a key reversal-line on my radar for tomorrow morning…

Nasdaq is bullish with a spike & wedge, telling me to look for buying opportunities down at the base of the wedge…

Gold is bullish with a flat channel, telling me that DEEP pullbacks will be the best buying opportunities tomorrow morning…

Euro is bullish with a Spike & Channel, telling me to look for buying opportunities down at the low of the channel…

We’re headed into Quadruple Witching tomorrow morning, which means ANYTHING is possible, and as always, I have a solid plan of attack in tonight’s newsletter…

 

Crude Oil Day Trading Strategy

Crude Oil is bearish with a channel, wedge, and measured-move on the chart tonight…

The wedge tells me the momentum is on the side of the bears tonight, so I need to be looking for selling-opportunities using resistance levels overhead…

The wedge is getting narrower, making it harder for sellers to trade inside it, telling me there will most likely be a correction to allow more sellers to enter the market…

Which is why this channel is so important, giving me the opportunity to sell off the high after the wedge correction… using the measured-move as the target down below…and if we’re lucky, a possible runner down to the prior week close around $69 to finish the session tomorrow morning…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Channel, possible range, reversal-line and measured-move on the chart tonight…

The spike higher tells me the momentum is clearly bullish and I should focus on buying at support levels…

I can use the low of the channel, the low of the range-expansion, and the 33.00 reversal-line as key support levels, with a target up at the measured-move.

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a Spike & Range, bull wedge, and measured-move on the chart tonight…

The strong spike higher tells me the bulls have control with strong momentum and I should look for buying opportunities at support levels…

I can see two easy support levels…

The wedge tells me to look for buying opportunities at the base of the wedge…

The trading-range tells me to look at buying the low of the range and the range-expansion level…

Gold Day Trading Strategy

Gold is bullish with a trading-range, channel and measured-move on the chart tonight…

The trading-range has a bull bias, telling me to look for buying opportunities using seller-failures below the lows…

The channel is almost flat, telling me the trend is bullish, but NOT very strong, so I should focus on looking for buying opportunities using DEEP pullbacks…

And knowing that I may see some deep pullbacks tomorrow morning…

Momentum for the bears is going to be a concern, so I need to that tells me to use the ‘2-Try Rule’ to make sure I use the sellers to my advantage…

Euro Day Trading Strategy

Euro is bullish with a Spike & Channel, possible Spike & Range, and reversal-line on the chart tonight…

The big spike higher tells me the momentum is strong and firmly on the side of the bulls, so my focus is buying support levels on pullbacks…

 

And we have support levels at the low of this channel, possible range, and reversal-line to work with tomorrow morning…

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