Time to Get Long? Here’s the Best Signal for Friday
We saw nothing but sellers in the market today, with Crude Oil and the Eminis finishing the session with one of the biggest red days of the year…
At this point, it’s easy to assume everyone’s going to “buy the dip” on Friday morning, especially after it worked so well last time, but conditions are much different today, and I’m going to let the chart patterns tell me when and where to find the next entry – here are my favorite setups I’m tracking for Friday…
E-Mini S&P Sellers Need to Stay Patient…
E-Mini S&P is bearish and trading sideways after going four legs lower today, and whenever I see a bloodbath like this, I know there are four simple chart patterns I need to be watching the following morning…
Crude Oil Has a Hidden Spike & Channel…
Crude Oil is bearish into a spike and channel pattern, which tells me to resist the temptation to “call the bottom” and look for opportunities to sell into the stops of the buyers who do…
Gold Buyers Waiting for the Signal…
Gold is bullish and trading at the low of a wide range tonight, which tells me to look for buy setups off the low of the range, however, because the range is so wide, I need to use a “nested failure pattern” to trigger the long…
