Volume for Precision Entries

I can see a lot of big clues on the charts tonight; trading-ranges, Spike & Channels, and Hidden Channels to name a few – but the biggest clue I see is using VOLUME to identify the best locations to buy pullbacks going with this trend tomorrow morning.

Crude Oil Has Two (2) Important Chart Patterns

Crude Oil is bullish with the combination of a Spike & Channel and trading-range on the chart this evening, both of which are telling me to look for buying opportunities going back up to re-test the high.

Knowing this, I’m watching this ‘2-legged pullback’ to see if I can find a buy set-up off the trend-line, and if not, I’m watching for the bulls to struggle and fail back down to the range low on Wednesday.

E-Mini S&P is Chopping Around the High

E-Mini S&P is bullish with the combination of a trading-range and Hidden Channel for tomorrow, and I can see an easy spot to look for buy set-ups where those two patterns come together.

If that doesn’t happen for some reason, and we push higher, I’m watching for the ‘2-Try Rule’ to buy into the sellers’ stops for another leg higher.

Nasdaq is Begging for a Pullback!

Nasdaq is bullish with a trading-range and Hidden Channel, and when I combine both of these patterns together, I can see a clear support area to look for buying opportunities on Wednesday.

With that said, I’m also keeping my eyes open for another leg higher, but I need to see some STRENGTH from the bulls through the highs first!

Gold Appears to Be Too High to Buy

Gold is bullish into the 1301 objective and the measured-move target from last night’s newsletter, which tells me we’re a bit too high to keep buying at this point.

Knowing this, I’m waiting for a pullback into the high-volume area we see just below the 1300 round number.

Assuming we get that pullback, the plan is to let the sellers try and sell off the moving-average before we start buying into their stops for (what should be) an easy short-covering rally back to the highs.

Euro Has Three Levels of Confluence

Euro is bullish with a Spike & Channel, Hidden Channel, and trading-range on the chart tonight, and all three of them have support levels coming together in the same location, which always gets me excited for a pullback.

And if we get that pullback, then my plan is to look for the ‘2-legged pullback’ pattern to buy the sellers’ failure for a rip back up to the highs.

“I grew up where, when a door closed, a window didn’t open. The only thing I had was cracks. I’d do everything to get through those cracks – scratch, claw, bite, push, bleed. Now the opportunity is here. The door is wide open, and it’s as big as a garage.”