Trade the Pendulum Swing
We’re back in the action for the third week of September, and with FOMC and Quadruple Witching later this week, we’re expecting another great week of trade set-ups…
And speaking of set-ups, these range-bound markets are telling me to keep buying low and selling high on Tuesday, but I think the biggest clue just might be the ‘pendulum swing’ setting-up for tomorrow – are you ready?
Crude Oil Bears Target the Pendulum Swing
Crude Oil is bullish overall, but the recent failure to re-test today’s high, followed by the 123-Reversal for the bears tells me there will likely be a sell set-up waiting for me at the high of the Hidden Channel.
E-Mini S&P Wants to Fill that Gap!
E-Mini S&P is bullish and stuck inside a range, which tells me to look for buy set-ups below the range, while keeping an eye out for “nested” failures to sell up above the highs.
Nasdaq Wants to Finish It’s Own Pendulum Swing
Nasdaq is bullish and trying to complete the ‘pendulum swing’ up at, and if I can get some strength on the next range-breakout, my plan is to use the 2-Try Breakout Pattern to grab that move higher before they complete the target.
Gold is Waiting on the 2nd Leg for the Bulls
Gold is bearish and looking for a way back into the range from last week, but that “gap up” on Sunday evening tells me to expect the buyers to try another leg higher, and if they do, I’m looking to sell into their failure off the high of the Hidden bear channel.
Euro is Pinned to It’s Lows (But Where’s the Entry?)
Euro is bearish into a trading-range tonight, telling me to look for sell set-ups using a buyer-failure pattern to sell above the range, and a “nested” failure pattern to buy underneath the range on Tuesday morning.
“Live your passion. What does that mean, anyway? It means that when you get up for work every morning, every single morning, you are pumped because you get to talk about or work with or do the thing that interests you the most in the world. You don’t live for vacations because you don’t need a break from what you’re doing—working, playing, and relaxing are one and the same. You don’t even pay attention to how many hours you’re working because to you, it’s not really work. You’re making money, but you’d do whatever it is you’re doing for free.”
