Threading the Needle

Market are back inside narrow ranges this evening, and with narrow ranges come the challenge of “threading the needle” with the proper entry timing and techniques, which is the topic of tonight’s newsletter.

Crude Oil Has an Ace Up Its Sleeve (You See It?)

Crude Oil is bearish and trying to complete a measured-move, but we’re trading at the low of a range this evening, which tells me to focus my attention on buying into seller-failures when the time is correct tomorrow morning.

E-Mini S&P Wants that Pendulum Swing

E-Mini S&P is bearish as well, and just like oil, at the low of its range, which tells me to avoid selling this market lower and look for buying opportunities to catch the rookie sellers getting trapped on the wrong side.

Nasdaq is Flat Ahead of the Holiday Weekend

Nasdaq is balanced with a narrow trading-range going into Thursday’s session, which reminds me to avoid trading inside the range and wait patiently for an attempted breakout so I can fade the breakouts going back into the original range.

Gold is Bearish, But How Long Can This Last?

Gold is bearish and four legs down into a narrow trading-range, which tells me I need to beware getting trapped inside the range, and wait patiently for good risk-reward-ratio opportunities getting as far outside the range as possible.

Euro is Hunting for a Re-Test (I’m Looking for Failure!)

Euro is sideways and balanced with a narrow range ahead of tomorrow’s big inflation report, which tells me to buy the low, sell the high, and most importantly, avoid the middle tomorrow morning.

“Courage is like a muscle. We strengthen it with use.”