Wednesday, February 28, 2018

Unfinished Business Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro


“You can’t change your destination overnight, but you can change your direction immediately.  All it takes is the desire to change and the decision to make it happen.”


Crude Oil is bearish and trying to finish a measured-move target, and this aggressive move lower tells me I may need to be a little more aggressive with my entry tomorrow morning as well.

E-Mini S&P is bearish with a strong measured-move lower this afternoon, and I have my eye on a "hidden channel" for selling-opportunities up at resistance tomorrow morning.

Nasdaq is bearish and trading at the low of a channel, but the most important clue is how this market finished today’s session…

Gold is bearish with a Spike & Range pattern, telling me to look for selling-opportunities up above the high, and I’m watching a key reversal-line up around 1325 tomorrow morning.

Euro is bearish with a Spike & Channel pattern, telling me to look for buyer-failures up near the base of the channel tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bearish and trading at the low of a channel, just a few ticks shy of the measured-move target for the sellers.

The channel tells me to look for selling-opportunities up near the highs, but the strength of this move, combined with the measured-move still waiting to be completed, tells me to be open-minded to a more aggressive sell up above prior swings using buyer-failures at the moving-average tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a strong measured-move lower to finish today’s session, giving me enough information to draw a "hidden channel" and start looking for selling-opportunities up near the highs tomorrow morning.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish and trading at the low of a large bear channel, telling me the most reliable selling-opportunities will be up near the high of the channel…

But this move lower was VERY strong to finish today’s session, and honestly, I’m not sure if the bears are going to let this price retrace THAT far off these lows, so I’m going to keep my eyes open for buyer-failures up above the moving-average for selling-opportunities tomorrow morning.

Gold Day Trading Strategy

Gold is bearish with a Spike & Range pattern, telling me to look for selling-opportunities up above the highs using buyer-failures and the '2-Try Rule'.

I still have my eye on that 24.9 reversal-line, which will make for an easy resistance level to use with a good pattern tomorrow morning.

Euro Day Trading Strategy


Euro is bearish with a Spike & Channel pattern, telling me the most reliable selling-opportunities will come up near the base of the channel, so I’m staying patient for buyer-failures up above the moving-average tomorrow morning.

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