Show Me Proof or Pullback
Markets went soaring higher in today’s session, finishing just inches away from their major highs, which we know isn’t a very good place to buy…
So instead of buying at these expensive prices, I’m waiting patiently for either “proof or a pullback” before I buy more on Thursday – are you ready?
Crude Oil Looks Like a Spike & Range
Crude Oil is bullish with a strong run higher in today’s trading session, and in my experience, a day like this is usually followed by a sideways session tomorrow…
Knowing this, I’m watching for a trading-range, and looking to buy underneath the range using seller-failure patterns.
E-Mini S&P is Testing Today’s High
E-Mini S&P is bullish and sitting right on top of this morning’s high, which isn’t a very reliable place to start buying…
Knowing this, my plan is to wait for either proof of another leg higher, or wait for a pullback to the low of the range from earlier today.
Nasdaq Bulls Need to Show us PROOF!
Nasdaq is bullish with a double-top at today’s high, which leaves me wondering if the bulls have any gas left in the tank…
We’re clearly bullish, and I want to buy, but I need to wait for a pullback off the highs or wait for proof with another leg higher before I can get aggressive on the way up to the measured-move target overhead.
Gold Looks Strong, But So Is That Resistance!
Gold is bullish with a strong leg higher to finish today’s session, showing us clear PROOF that buyers are looking for another leg higher…
Knowing this, I can see multiple levels of support waiting below me, and I’m looking to buy a shallow pullback using a seller-failure set-up on Thursday.
Euro Combines Two Great Chart Patterns
Euro is bullish with a Spike & Channel that finished in a narrow trading-range this afternoon, both of which are telling me to wait for a deep pullback to buy more tomorrow morning…
And my favorite is the support trend-line waiting below, because I don’t think a lot of people are going to see it, and it’s a great risk-reward-ratio going back to re-test the high.
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