October 3, 2019

Non-Farm Payrolls Strategy

Non-Farm Payrolls Trading Strategy
We’re prepping charts for tomorrow morning’s Non-Farm Payroll Report, and with the strong moves we saw into the closing-bell today, we’re anticipating even more trading opportunities on Friday morning – are you ready?

Crude Oil Bulls Are Hunting for Yesterday’s High

Crude Oil is bullish and trying to complete a massive ‘pendulum swing’ back up to yesterday’s high, but I don’t want to chase it higher, so I’m waiting for a pullback to key support levels…

And I have my eyes on the combination of the low of a new Hidden Channel with 2 prior swing-lows on the chart for my battle-zone on Friday morning.

E-Mini S&P is Inches Away from the Objective

E-Mini S&P is bullish and just inches away from completing the measured-move and ‘pendulum swing’ target up overhead…

Knowing this, I want to buy, but I don’t want to buy this close to major resistance, so I’m waiting for pullback to the low of a Hidden Channel where I’m looking to buy into the stops of the counter-trend sellers.

Nasdaq Bulls Are Waiting for a Pullback (But Where?)

Nasdaq is bullish and trading just inches away from the measured-move resistance level overhead, which tells me to look for more reliable buy set-ups after a deep pullback off this high…

Knowing this, my goal is to use the overlap of the Hidden Channel low with a support trend-line drawn off prior swing-lows earlier today…

Gold Bulls Have Control, But Can They Keep It?

Gold is bullish, but struggling to stay above today’s trading-range, and with the buyers now trying TWICE without any success, I’m looking for a reversal pattern going back into the range on Friday morning.

I’m also watching for buy set-ups below the range tomorrow as well, but I first need to wait to see what type of pullback we get – do we sit in the range, or do we slice right through it – that will tell me the best entry set-ups to buy below the range tomorrow morning.  

“Your Life Only Gets Better When You Get Better.”

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