Thursday, July 13, 2017

Spike & Range Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX



"We are what we repeatedly do. Excellence, therefore, is not an act but a habit." 
- Aristotle


Crude Oil is bullish and trying to re-test yesterday’s high, but the buyers are looking sluggish at the highs, so we’re looking for a ‘2-legged pullback’ for buying opportunities in the ‘battle zone’ tomorrow.

S&P is bullish and trying to complete measured-move target, but the bulls are stalling at resistance, telling us to look for traps to avoid ‘buying high’ tomorrow.

Gold is bearish with a Spike & Range as it tries to re-test yesterday’s low, but we have “four-leg” support telling us to avoid selling into the lows, while looking for selling-opportunities up in the ‘battle zone’ tomorrow.

Euro is bearish with a Spike & Range and struggling to hold below yesterday’s low, which tells us to look for selling-opportunities up above the range, while keeping an eye on a possible price-reversal if they fail.

FDAX is bullish with a Spike & Range, telling us to look for buying opportunities below the range in the ‘battle zone’ with a target going back to re-test the high.


Crude Oil Trading Strategy
Crude Oil is bullish with a Spike & Channel, that appears to be developing into a sideways Trading-Range to finish today’s session.

The bulls have control with a target back to re-test the high, but the bulls don’t look too confident at this point, so we’re looking for a pullback into the ‘battle zone’ for the most reliable buying opportunities tomorrow.

One thing to keep an eye on tomorrow is the quadruple-up target just above the prior day high.  We can assume that buyers want to re-test yesterday’s high (possible the prior week high as well), but we need to be careful trying to buy ‘too high’ as that major resistance level will lead to traps.

E-Mini S&P Trading Strategy
E-Mini S&P is bullish with a Spike & Channel as it tries to finish off a measured-move and re-test the prior month high.

The big on this chart is the fact that we’re struggling to push through today’s original high.  We re-tested the high, but haven’t shown much conviction through the high, telling us we need to focus on buying as low as possible tomorrow.

The goal is to find buying opportunities down in the ‘battle zone’, or if price pushes higher, looking for a successful breakout-pullback with a measured-move target overhead.

Gold Trading Strategy
Gold is bearish with a Spike & Range as it tries to re-test yesterday’s low, but after moving “four-legs-down” the bears appear to be struggling to hold below today’s original low.

The bears clearly have control, and we will be watching for selling-opportunities up above the range-high, but this “quadruple-down” is most likely going to result in profit taking, which may give the bulls the opportunity they need to reverse the trend, and make a run back to the day’s high.

Euro Trading Strategy
Euro is bearish with a Spike & Range, but appears to be struggling to push through yesterday’s low. 

The Spike & Range tells us to look for selling-opportunities up above the range-high, while keeping an eye on the rising support trend-line that will keep the sellers from begin too aggressive.

Yesterday’s low is the big clue on this chart, telling us that sellers are rejecting lower prices, which will leave the door wide open for the buyers to take control tomorrow.

FDAX Trading Strategy
FDAX is bullish with a Spike & Range, telling us to focus on buying below the low of the range using traps and failures tomorrow.

The goal is to find buying opportunities down in the ‘battle zone’ tomorrow, while avoiding the fake-out breakout if price tries to push to new highs.


If the buyers want to push higher, we’re looking for a successful breakout-pullback and a target at the major Double-Up resistance level overhead.

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