These Trend-Lines Hold the Key to Thursday!

Are you seeing these Trend-Lines too?

Everything’s bullish right now, but more importantly – there are two (2) trend-lines on the charts tonight that (I think) hold the key to finding winners on Thursday…

Both the Emini and Nasdaq are bullish – but there are two resistance trend-lines that easily make (or break) the buyers tomorrow morning…

Crude Oil is also bullish – but look closely and you’ll see a tiny “hidden” trend-line which might be the most important clue for buying a pullback (or selling a reversal!)

Like I said – these trend-lines might be the most important factor on Thursday.  Make sure you watch the video and keep these levels on your radar…

E-Mini S&P (ES):

E-Mini Keys to Success:

The Emini ES is currently trading sideways inside a range.

Ranges act like magnets, so the best strategy is to use Failure Setups to buy low and sell high at key support/resistance outside the range.

If price goes higher, we know sellers will be looking for shorts off the highs using a Failure setup.  If buyers can get proof of a 123-breakout pattern, then we can start looking for longs to new highs.

If price goes lower, buyers will be looking for buying opportunities using seller failure patterns, and sellers will be looking for 123-breakout patterns to sell new lows.

Where’s the target after a breakout?  We always use the “breakout leg” as the new measured-move.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Just like the Emini, the Nasdaq is trading inside a range this evening.

Ranges act like price-magnets, so the plan is to buy low & sell high using Failure Setups around key support/resistance levels above and below the trading-range.

If price goes higher, sellers will look for shorts using buyer failures & buyers will look for a 123-breakout and look to buy the first pullback.

If price goes lower, sellers will look for a 123-breakout pattern to short the first pullback & buyers will be looking for sellers to fail so they can buy it back up again.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is bullish into a trading-range after the bulls took price four legs higher today.

Bulls have control and we assume they will be looking for ways to buy this pullback, but this resistance trend-line coming down overhead tells them to stay patient for a 2-legged pullback entry.

If price goes higher buyers will be looking for a 123-breakout.

If price goes lower, buyers can look for entries off the low ‘Battle Zone’ (82.16), but if momentum picks up for the sellers it will be wise to find a new bear channel and short the first test off the high.