August 13, 2020

Can Buyers Finish this Rotation? 3 Entries to Watch

Can Buyers Finish this Rotation? 3 Entries to Watch

We’re headed into a Summer Friday trading session tomorrow morning, which means our window of opportunity will be smaller, but that’s not going to stop us from finding some high-percentage opportunities in tonight’s newsletter…

We’ve seen a lot of trading-ranges this week, and with price trading at the lows of the weekly ranges tonight, I can’t help but wonder if buyers can get one more rotation back to the highs to finish off the week – here are the entries I’m looking for on Friday…

E-Mini Buyers Looking for Another Rotation Higher…

E-Mini S&P is range-bound and trading at the low of an expanding triangle; my goal is to get long off these lows for a full rotation back to the triangle highs, but the recent move lower had such strength that I need to wait for sellers to fail before I can trigger the entry…

Crude Oil Looks for Rotation Ahead of Rollover…

Crude Oil is range-bound and trading at the low of an expanding triangle, which is the perfect place to be looking long.  My plan is to wait for sellers to get caught on the next pullback so I can buy into their stops…

Gold Buyers Want to Re-Test the High, Look for Traps…

Gold is bullish with a strong 123-breakout through the highs of the weekly trading-range; momentum is firmly in the hands of the bulls, but with the range still acting like a magnet below us, I’m waiting for the opportunity to “trap in the bears” just below the moving-average to trigger the entry…

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