Short the Pops on Thursday (Wait for These!)

What’s the best way to trade a strong bear trend?

Short the pops!  With the bears in control of our favorite markets, my job on Thursday morning will be staying patient for bounces off the lows so I can sell into the stops of the counter-trend buyers…

Where’s the best place to get short?  Keep your eyes on these locations…

E-Mini Keys to Success:

• Strong 123-move for the bears on the way back to fill the weekend GAP.
• Bears Want to sell the pops on the way down to last week’s low.
• Bulls need to reverse the trend and buy the first pullback

Best Setups for Tomorrow: 

• [UP] – buyer failure to sell (or) 123-Reversal to buy
• [DOWN] – 2-try trap to sell (or) crown reversal to buy
• [SIDEWAYS] – sit on hands, wait to short the pops above the range

Nasdaq Keys to Success:

• Strong move lower, fills the weekend GAP, retests major lows, trying to complete major measured-moved target below.
• Bears Want to sell the bounces at resistance levels overhead
• Bulls Want to reverse the trend back to the weekend GAP and 13000 round number

Best Setups for Tomorrow:

• [UP] – buyer failure to sell (or) 123-Reversal to buy
• [DOWN] – 2-try trap to sell (or) crown reversal to buy
• [SIDEWAYS] – sit on hands, wait to sell above the range at resistance levels.

Gold Keys to Success:

• Strong move lower into range, bears sold the bounce and trying to finish the pendulum swing target below.
• Bears Want to sell traps at resistance levels above the range
• Bulls Want to reverse the trend back to today’s high.

Best Setups for Tomorrow:

• [UP] – bull traps & buyer failures to sell (or) 123-Reversal to buy
• [DOWN] – 2-try trap to sell (or) crown reversal to buy
• [SIDEWAYS] – sit on hands, wait to sell resistance levels above the range.