Trading Contract Rollover

Friday morning is right around the corner, and with a couple strong trends and a handful of trading-ranges, we’re definitely going to see some nice set-ups on Friday morning…

Not to mention, tomorrow is contract rollover for a lot of our favorite futures markets, which means ANYTHING is possible – are you ready?

Crude Oil Bears Have a Big Challenge Ahead…

Crude Oil is bearish, but when the sellers failed to re-test the lows this afternoon, it created a rising support trend-line that will keep a lot of sellers on the sidelines…

Knowing this, the market is still technically bearish, which means my go-to entry set-up will be a seller-failure off support levels for a short-covering rally back to the range around 56.00.

E-Mini S&P Bulls are Waiting for a Pullback

E-Mini S&P is bullish into a trading-range and expanding triangle, which tells me to look for buy set-ups at major support levels underneath the range tomorrow morning.

Knowing this, I’m watching the lows of the triangle, along with the range-expansion support levels down around 3000 for buy set-ups using a seller-failure into pullback combination.

Nasdaq Combines Two Major Chart Patterns

Nasdaq is bullish into a trading-range and Spike & Channel pattern, both of which are telling me to look for buy set-ups at key support levels below the range tomorrow morning…

Knowing this, I have my eyes on the battle-zone from the Spike & Channel and the range-expansion support levels down around 7900 for buy set-ups using seller-failures on Friday.

Gold is Trying to Catch Us Chasing It Lower!

Gold is bearish and trying to get back into the range from earlier this week, but we’re sitting on a major support level, which isn’t a very reliable place to sell…

Knowing this, my plan is to either “sell the bounce” off this trend-line using a trap-high, or wait for price to break down below the trend-line and use it as resistance on the opposite side.

Euro Bulls Need that DEEP Pullback (But Where?)

Euro is bullish into a Spike & Channel and trading-range, which tells me to look for buy set-ups down at the base of the Spike & Channel using a seller-failure pattern.

But one thing I’m always expecting with a Spike & Channel is a DEEP pullback, which would tell me to use the “nested” variation of the failure set-up to buy off the low.

“Life shrinks and expands on the proportion of your willingness to take risks and try new things.”