The Calm Before the Crash? Favorite Trades for Tuesday
We’re back to our desks for another big week of trading; we have a new month beginning tomorrow, back-to-school for the kids, and a surprise spike in the VIX…
The biggest clue, however, is what we DIDN’T see today; bullish rotation.
The bulls failed miserably, and when combined with a rising VIX, it tells me to be ready to get short – I want to make sure you’re ready, let’s go…
E-Mini S&P Sellers Looking for a Bearish 123-Breakout…
E-Mini S&P is bearish and sitting on today’s lows after failing to complete their pendulum swing near the highs; the failed rotation is a big clue, and when combined with that high VIX, it tells me to get ready for shorts…
Crude Oil Sellers are Waiting for a Good Entry…
Crude Oil is bearish and trying to complete a pendulum swing target down at 41.50, but we’re too close to the range to start selling; my plan is to either sell above the range, or sell the 123-breakout using a new hidden channel.
Gold Buyers Waiting Patiently to “Buy the Dip”
Gold is bullish with a spike and channel pattern, which tells me the best entries will be around the “base” of the channel. My plan is to wait for a deep pullback and then look to buy into the stops of the counter-trend sellers as they chase it lower.
