Trading the $3T Coronavirus Stimulus Bill
Markets are eagerly waiting for this new $3 Trillion Coronavirus Stimulus Bill, and my job this evening is to get us ready for all the different set-ups we may see tomorrow…
I see Crude Oil and Emini ES working with ranges, and a strong 123-reversal on Gold, are you ready for the next big move? Let’s go…
Is Crude Oil Finally at the Bottom?
Crude Oil is range-bound with a bullish bias tonight, trading just above the highs of the range, which is a critical place for buyers and sellers…
I can sell the highs with a buyer-failure pattern, or a I can trade the bull breakout with a 2-Try Trap as we go higher, it all depends on the next few hours…
Emini’s Waiting on the Stimulus Bill
E-Mini S&P is bearish and range-bound as it waits for more updates on this new Coronavirus stimulus package in the US, telling me to focus on selling high and buying low…
Buying low? But who can trust the buyers right now? I’m going to need a clear “nested” seller-failure to buy these lows right now…
And what if they get the deal approved tonight? Look for a strong bullish reaction, and I’ll be looking for 123-reversals and spike & channel patterns if they get it…
Love this Rally on Gold, Here’s Why..
Gold is bullish with a strong run higher into the closing bell today, telling me to expect a reliable buying opportunity after the next deep pullback off the high…
Knowing this, I’m watching the low of a new hidden-channel for seller-failures, as well as a Spike & channel if the market keeps grinding higher..
