Trading the Collapse (Sell the Pops!)

Markets collapsed this afternoon after news circulated that stimulus talks would be postponed until after the Election in November…

With the markets tumbling lower, my plan is to stay patient and focus on selling into pops around key resistance levels overhead.  Let me show you where…

E-Mini Sellers Waiting to Sell the Pops…

E-Mini S&P is bearish into a spike and channel pattern; my plan is to look for sell setups just above the high of the bear channel, using buyer failure patterns to catch the bulls getting greedy…

Crude Oil Sellers Looking to Trap Buyers…

Crude Oil is bearish with a strong shot lower off today’s high; the strength of this move is the key, telling me to expect another leg lower, and I’ll be looking to get short with bull-traps around the high of a new hidden channel…

Gold Collapse Tells Me to Target Key Resistance Areas…

Gold is bearish with a strong 2-legged move running lower; the strength of this recent move tells us to expect another leg lower, and I’ll be looking for sell setups around the reversal-line resistance at 1895 tomorrow morning…