Time the Entry Properly; Momo + Pattern + Signal
It wasn’t pretty, but we finally got the reversal we were looking for today, and with the buyers running strong to the upside, it’s time to look for entries at key support levels tomorrow morning…
Keep in mind, with the strong moves higher today, we’re now testing major resistance levels overhead, which means timing the entry properly is going to be critical to our success on Wednesday morning – are you ready?
E-Mini S&P Buyers Complete (Another) Pendulum Swing
E-Mini S&P is bullish after this morning’s reversal, but look closely and you’ll see we finished today’s session at multiple resistance levels, telling me to focus on buying with bear-traps coming off the low of a new hidden channel…
- Buyers need a strong break higher or deep pullback to channel lows.
- Sellers looking to get short with buyer-failures at the “pendulum swing”
Crude Oil Buyers Would Love a Trap-Low Right Now…
Crude Oil is bullish into a trading-range, which tells me to look for buy setups below the range using seller failure patterns, or wait for a 123-breakout and buy the next pullback to the low of a hidden channel.
- Buyers looking for entries using the support trend line below range
- Sellers can use Crown Reversal Patterns in Battle Zone above
Gold Buyers Have Big Support Levels Waiting Below…
Gold is bullish into a trading-range, which tells me to look for buy setups at key support levels below the trading-range; I have my eyes on a seller failure pattern off major support around 1808.
- Buyers looking to get long off the low of the bull channel
- Sellers waiting for momentum to turn with a 123-reversal pattern.
