Too Early to Buy the Bounce? 4 Patterns for Thursday
Long-term trends might be bearish, but from what I’m seeing on the charts tonight, the buyers hold all the cards for tomorrow morning…
With Crude Oil sitting just below the weekly range, Gold sitting pretty in a bullish triangle, and bullish rotation coming off the low on the Eminis, I keep asking myself – is it too early to buy this bounce? Here’s my plan for Thursday…
Oil Buyers Waiting for “Hidden” Entries
Crude Oil is trading at the lows of a multi-day range, which is an excellent place to look for longs, but the short-term momentum has been so bearish that I’m waiting for “traps” to pull the trigger tomorrow morning…
E-Mini Sellers Need to Be Careful Here…
E-Mini S&P may still be dizzy from today’s collapse, but a strong bounce off today’s lows looks strong enough to give the buyers enough momentum to go back to yesterday’s close…
Gold Buyers Have Plenty of Options…
Gold is bullish into a triangle pattern, which has me looking for entries at “hidden” support levels and bull breakouts for a retest of prior highs…
