Capitalize on this Slingshot Reversal Pattern

I’m excited for tomorrow, you should be too!

Just as expected – yesterday’s strong run higher led to narrow ranges today – and narrow ranges tell us to look for breakouts and reversals tomorrow morning…

Why? Because anytime price stays trapped inside a tight range for this long, it’s only a matter of time before we see an explosive move in one direction…

Which direction will be? It doesn’t really matter because I’ll make sure you’re ready for everything – but if I had it my way tomorrow, it would be a Slingshot Reversal for sure!

E-Mini S&P (ES):

E-Mini Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• As we anticipated yesterday, price-action turned sideways into a range following yesterday’s massive bull run.
• Bulls have control, so they’ll be looking for buying opportunities at support levels below the range, and breakout opportunities going above the range.
• Sellers can short the bull breakouts with a 2-try failure off major highs, or they can sell the 123-Reversal running lower if they get enough strength.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout (or) sell the 2-try failure
• DOWN – Buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – sit on hands and avoid the middle of the range.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bulls have control into a triangle/range tonight.
• Buyers will be looking for long entries down below the base of the triangle, along with breakout entries going higher on strength.
• Sellers have to be careful right now;  they can sell exhaustion at the highs, or they can wait and sell a 123-Reversal going lower.  Either way, they need to stay patient.

Top 3 Trades for Tomorrow: 

• UP – Buy the 2-Try breakout (or) sell the crown reversal
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – avoid the middle of the range; wait to buy low & sell high.

Gold Futures (GC):

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• We continued trading sideways inside the same range from last night, but now buyers have failed to complete the pendulum-swing and price will attempt a full rotation back lower again.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout (or) sell the 2-try failure
• DOWN – Buy the seller failure (or) sell the 2-Try breakout
• SIDEWAYS – sit on hands to avoid the middle of the range.  Wait to buy low, sell high with failures off the edges.