Ride the Virus Vaccine Rally – Best Entry Points
Markets were drunk on the “virus vaccine kool-aid” to start the week, with strong bullish moves on Crude Oil and Emini ES, and Gold running lower the entire session…
Knowing this, I’m looking buy key support levels on Oil and Eminis, while selling the rips on Gold – but the entry points aren’t as clear – unless you know where to look – here’s the plan for Tuesday…
Crude Oil Smells Like a Range…
Crude Oil is bullish and trying to re-test today’s 33.00 highs, but there’s something missing on the chart, and it smells like a range, which tells me to avoid buying this pullback and wait for a seller failure pattern instead…
E-Mini S&P Buyers Waiting for a Pullback…
E-Mini S&P is bullish and testing the low of a spike and channel, which is usually a great to get long, but when you take a step back, its easy to see we’re trading at the highs of a larger range, telling me it’s a better idea to wait for a failure setup instead…
Gold Sellers Waiting to Short the Pop…
Gold is bearish and finished the session in a narrow range, telling me to look for sell setups at key resistance levels overhead, and I have my eyes on the combination of a swing-high and hidden channel just above it…
