These Reversals Look Great on OPEX Friday

Are You Ready for OPEX Friday?

Fridays are usually a much smaller window of good price-action, so I want to make sure you’re ready to capitalize on the best opportunities before the week ends…

The Eminis are bearish into ranges tonight, and I have a handful of reversals (and breakouts) on my radar for Friday morning…

Gold is still bullish and trading in a range, which means I’ll be looking for breakouts, but what I really want is a reversal to short off these highs!

Lots of great opportunities in the markets tomorrow.  Here are my favorites…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Trending Market = Continuations, Reversals & new Ranges
• We’re bearish into a range, with a strong breakout leg going lower.
• Bears will be looking for a retest of today’s low, while buyers will try to reverse this momentum for a pendulum-swing running higher.

Top 3 Trades for Tomorrow: 

• UP – buy the bull reversal (or) sell the buyer failure
• DOWN – sell the buyer failure & sell the 2-try trap (or) buy the reversal off lows.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Big Move today = Small Range tomorrow?
• Bears have control into a range;  sellers will be looking for entries at resistance above the range, along with buyer failures going lower.
• Buyers must stay patient for momentum to turn first, or wait for exhaustion reversals off the lows.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the buyer failure & breakout (or) buy the reversal  
• SIDEWAYS – sit on hands to avoid the middle, wait for a breakout

Gold Futures (GC):

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bullish into a range; buyers will be looking to get long at support below the range, as well as buying breakouts above the range.
• Sellers can sell the highs with exhaustion, or they can sell the failed retest of these highs.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the bull breakout
• DOWN – sell the 2-try trap & 123-Reversal (or) buy the seller failure