Trading Non-Farm Payrolls

We got some big moves in today’s session, but with the Non-Farm Payrolls tomorrow morning, most of our favorite markets are trading sideways inside of narrow ranges…

And those range-bound markets tell us everything we need – buy the low, sell the high, and fade those breakouts using failure patterns on Friday morning – are you ready?

Crude Oil Ends Back Where It Began

Crude Oil is bearish after this morning’s rally failed and collapsed all the way back down into the same range from last night…

Knowing this, the momentum is bearish, which tells me to look for sell set-ups at key resistance levels, and I have my eyes on the high of a new Hidden Channel.

E-Mini S&P Needs More Information

E-Mini S&P is bullish with a Spike & Range pattern tonight, telling me to look for buy set-ups using seller-failures below the range tomorrow morning.

And I’m definitely suspicious if price tries to make new highs – waiting for either a 123-Breakout or sell the breakout with a “nested” buyer-failure pattern.

Nasdaq Finished With a Range

Nasdaq is bullish into a Spike & Range pattern, which tells me to focus on buying below the range using seller-failure set-ups tomorrow morning.

I’m also keeping an eye out for a reversal too – but I need to see the 123-Reversal pattern before I can start selling off the highs.

Gold Turns Sideways After Today’s Bloodbath

Gold is bearish with a strong run lower, but we finished today’s session with a narrow trading-range, which tells me to focus on fading the breakouts tomorrow morning.

Which means I’m looking for buy set-ups below the low, sell set-ups above the high, and keeping my eyes open for a 123-Breakout when it confirms.

Euro Goes All the Way Back to Where It Started!

Euro is bearish after the buyers were unable to hold this morning’s breakout, and now with the bears in control, my plan is to look for sell set-ups off the high of a new Hidden Channel.

And I haven’t forgotten about the trading-range either, because if we get sucked back into that narrow range, then my plan adjusts to buying low, selling high and fading the breakouts.

“It Doesn’t Matter Where You Came From. All That Matters Is Where You Are Going.”