Riding the Oil Rally, 3 Setups for Friday
Markets got a boost from a rising price of Oil today, and we’re expecting Oil to continue to “lead the way” into Friday’s close.
Speaking of Friday, tomorrow’s the final Friday of the month, which means extra volatility and more opportunity for us day traders? Are you ready?
Crude Oil Bulls Eye on $20 – Can They Hold?
Crude Oil is bullish and trading inside a narrowing wedge, which tells me to look for traps inside the narrow wedge, while waiting for a deep pullback to buy off the lows of a hidden channel with a seller failure pattern.
E-Mini Sellers Trying to Fade Bull Breakouts
E-Mini S&P is bearish after falling off today’s “Oil Rally” highs, and we’re now trading in the middle of a range…
The range is the big clue, telling me to look for sell setups at key resistance levels I have drawn overhead, like a resistance trend-line drawn off two higher-highs.
Gold Bulls Looking to Buy the Next Dip…
Gold is bullish and finished the session in a range, which tells me to look for buy setups using key support levels waiting below the range…
I also have a big hidden channel on the Gold for tomorrow, telling me to keep my eyes open for a much deeper pullback, and if so, I’m looking for a nested seller failure to get long.
