Thursday, June 15, 2017

Quad-Witching Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX



“Success is not to be measured by the position someone has reached in life, but the obstacles he has overcome while trying to succeed.”  Booker T. Washington


Crude Oil is bearish and trying to re-test the measured-move, so we’re looking for selling-opportunities up at resistance levels overhead on Friday.

S&P is bullish with a multi-tiered channel, which tells us to look at previous swings on the chart for buying opportunities on the way up to the measured-move tomorrow.

Gold is bearish with a Spike & Range this evening, telling us to look for selling-opportunities up at resistance levels overhead tomorrow.

Euro is bearish with a ‘grind-break’ this evening, which tells us to look for traps and failures up in the ‘battle zone’ tomorrow.

FDAX is bearish with a flag pattern, so the plan is to look for buyer-failures up at resistance levels tomorrow.


Crude Oil Trading Strategy
Crude Oil is bearish and choppy ahead of contract rollover, and this bear channel, combined with the measured-move tell us to avoid chasing this move lower and look for selling-opportunities up at resistance levels overhead with a target going back to re-test the measured-move tomorrow.  One thing to keep in mind tomorrow is the Trading-Range on the chart.  We will be watching closely to see if the sellers are unable to keep price rotating lower, because if they fail, we will likely see a move back to the range high.

E-Mini S&P Trading Strategy
E-Mini S&P is bullish with a multi-tiered channel, which tells us to look for buying opportunities using previous support levels, such as the ‘battle zone’ tomorrow.  We’re watching the measured-move for a bullish target tomorrow, making sure we use traps and seller-failures below the moving-average if we get too close to that major resistance level tomorrow.

Gold Trading Strategy
Gold is bearish with a Spike & Range, which tells us to look for selling-opportunities at overhead resistance levels, such as the ‘battle zone’ tomorrow with a target going back to re-test the low.  Keep an eye on the prior week low going into the end of the week.  If the buyers can take control tomorrow that will likely be an easy target.

Euro Trading Strategy
Euro is bearish with a ‘grind-break’ into a Trading-Range, which tells us to look for traps and failures up into the ‘battle zone’ for a target going back to re-test the low.  We are four legs down off today’s open, which is usually where we see a lot of profit-taking, so we will be watching to see if the sellers close positions and walk away from this market for a potential trend reversal and re-test of today’s high.

FDAX Trading Strategy

FDAX is bearish with a bear-flag this evening as price bounces off the Double-Down and prior week low support levels.  The sellers made a strong move lower today, which is most likely why we’re seeing profit-taking at support while the bears wait for a higher price to sell more tomorrow.  The plan for tomorrow is to look for buyer-failures up at resistance levels overhead while avoiding the temptation to chase the market lower.   

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