Short the Pops (4 Range-Bound Patterns)

Markets seem to be treading water this week ahead of another possible stimulus deal in the US, which means we have range-bound markets to trade on Wednesday…

Knowing this, I’ll be looking to short the pops above today’s ranges with buyer failure patterns and bull traps.  Are you ready for tomorrow, here’s my plan…

E-Mini Sellers Taking Care of Unfinished Business…

E-Mini S&P is bearish and only a few points away from re-testing Monday’s low, which isn’t a great place to start selling.  Knowing this, I’ll be looking to short the pops up around key resistance levels above the range tomorrow morning…

Crude Oil Bears Would Love to Short the Next Pop…

Crude Oil is bearish and headed back into the weekly range, which tells me to keep looking for sell setups above the range around key resistance levels, such as the high of a new hidden channel…

Gold Sellers Keep Using the Range as a Magnet…

Gold is bearish and trading at the high of the weekly range, a great place to get short.  All we need is a couple more candlesticks and I can draw my new hidden channel to get short tomorrow morning…