Tuesday, January 9, 2018

4 Ways to Profit from Reversals | Crude Oil, Emini, Nasdaq, Gold & Euro



“We must train from the inside out. Using our strengths to attack and nullify any weaknesses. It’s not about denying a weakness may exist but about denying its right to persist.”

Crude Oil is bullish with a Spike & Channel pattern, and this recent spike to finish today’s session tells me exactly where to start looking for buying opportunities on Wednesday.

S&P is bearish after buyers failed to re-test today’s high, and I have a hidden-channel giving me selling-opportunities up in the ‘battle zone’ tomorrow.

Nasdaq is bearish after coming off today’s high, and I’m watching a hidden-channel for selling-opportunities up in the ‘battle zone’ tomorrow morning.

Gold is bearish with a beautiful ‘2-legged correction’ coming off the lows, and all we need is buyer-failures on the next pullback for selling-opportunities tomorrow.

Euro is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using the '2-Try Rule' up above the range tomorrow.

Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Channel ahead of tomorrow’s weekly inventory report, and this recent strong move up to the measured-move tells me to wait for buying opportunities using a ‘2-legged pullback’ with a target going back up to re-test the highs tomorrow.

Crude Oil Inventory S/R Levels for Wednesday:
64.00, 63.62, 63.24, 62.84, 62.48, 62.10

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish and trying to rotate back down to today’s low, and any time we see a trend-reversal like this, I connect the lows, copy and paste up to the highs, and watch for a ‘2-legged correction’ so I can start selling up at resistance levels waiting overhead.


E-Mini Nasdaq Day Trading Strategy

Nasdaq is bearish after buyers were rejected at the highs of today’s range, which tells me that sellers are going to rotate back down to the lows.

Any time a market reverses, the first thing I do is look for that hidden-channel and I’m waiting for selling-opportunities using a ‘2-legged correction’ up in the ‘battle zone’ tomorrow morning.

Gold Day Trading Strategy

Gold is bearish with multiple channels to work with tomorrow.  The most recent channel has recently broken so I’m looking for selling-opportunities with buyer-failures on the next pullback to the moving-average.

The larger channel is also on my radar for tomorrow, giving us selling-opportunities up around the midpoint of that triangle for last night's newsletter.

Euro Day Trading Strategy


Euro is bearish with a Spike & Range pattern, telling me to look for selling-opportunities up above the range highs using seller-failures and the '2-Try Rule' with a target going back down to the low tomorrow morning.

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