Is It Safe to Buy Here? 4 Must-Follow Trading Rules

We’re headed into the last week of April, and with major earnings due out this week, there’s likely going to be some excellent trading opportunities…

Oil is bearish, while the Gold and Emini es are bullish, but when I look across these charts tonight, I keep asking myself – “Is it safe to buy here?”

Crude Oil Tumbles – Is This a BUY Again?

Crude Oil is bearish into a trading-range, which tells me to look for sell setups above the range high, but watch the rising support trend-line coming up from below…

And don’t forget, with Oil dropping 25% today, you have to assume buyers will start picking bottoms, asking themselves – “Is it safe to buy here?”

E-Mini S&P Holds the Bid as Oil Collapses…

E-Mini S&P is bullish with a spike and channel pattern, which tells me to look for buy setups off the low of the channel, along with buying DEEP pullbacks down the low of a new hidden channel…

The problem is – we’re sitting at major resistance, which has a lot of people wondering – “Is it safe to buy here?”

Can the Gold Buyers Hold This?

Gold is bearish and trying to break free of a bull trading range, which is a big clue because the sellers don’t look very enthusiastic about this recent breakout…

To make things more interesting, if you dig deeper into the Gold chart, you can see we’re three legs down off the high, and sitting at wedge support, which has me thinking – “Is it safe to buy here?”