Monday, March 5, 2018

The Success Cycle Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“To become financially independent, you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.”


Crude Oil is bullish and trying to finish the measured-move target, but we’re getting a little too close to major resistance, so my plan is to wait for buying opportunities using a "hidden channel" tomorrow morning.

E-Mini S&P is bullish with a triple measured-move, telling me to look for ‘2-legged pullback’ before buying more tomorrow.

Nasdaq is bullish, and the strength of this move higher gives me only one reliable option, and that is to wait for buying opportunities using a "hidden channel" tomorrow.

Gold is bearish with a Spike & Channel, telling me to look for selling-opportunities with a ‘2-legged pullback’ at resistance tomorrow morning.

Euro is bullish with a Spike & Range pattern, telling me to wait for buying opportunities down near the low of the range.


Crude Oil Day Trading Strategy

Crude Oil is bullish and trying to finish a large measured-move target for tomorrow, but you can see the short-term price-action doesn’t look too convincing this close to major resistance, so my plan for tomorrow is to connect the highs, drag it down to the low, and wait patiently for a pullback to the low of this "hidden channel", which combines perfectly with the ‘battle zone’ for tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a triple measured-move to finish today’s session, and with the strength of this move higher it’s easy to connect the highs and look for a "hidden channel" for reliable buying opportunities tomorrow morning.

Combine the "hidden channel" with the prior swings, including the 96.00 reversal-line and you have a great place to look for buying pullbacks tomorrow morning.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish after a late-session short-covering-rally from last week’s pullback.

This move higher pushed through all the available resistance levels, telling me the most reliable option at this point is to look for buying opportunities using a "hidden channel", and the 33.50 reversal-line makes for excellent level of support to combine along with it.

Gold Day Trading Strategy

Gold is bearish with a Spike & Channel pattern, which tells me that most sellers are already in this move going lower, and the only way to attract more sellers into the market will be a correction up above prior levels of resistance.

My plan for tomorrow is to wait for exactly that; a ‘2-legged pullback’ up into resistance levels overhead, with the goal of selling back down to re-test the low and hold a small portion to the measured-move as a runner.

It’s also worth mentioning that Gold was VERY slow on the way lower this morning, which could be a clue that the larger Spike & Channel is more important. 

If it is, we’ll see extreme STRENGTH going higher and will look to buy the pullback rather than try fading it back down to the lows.

Euro Day Trading Strategy

Euro is bullish with a Spike & Range, possibly a Spike & Channel if buyers can show us more proof.

Speaking of proof, that’s the big concern on this chart.  The bulls got a perfect opportunity to buy the pullback at the beginning of today’s session but they clearly failed to make new highs.  In other words, we have rejection at the highs, rather than acceptance through the highs.


This tells me buyers are in control, but not interested in buying high, so my plan for tomorrow is to focus on buying as low as possible, such as down below prior swings and near the low of this Spike & Range.

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