Trade the Momentum Swing | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude Oil is bearish with a Spike & Channel, so we’re looking for selling-opportunities using buyer-failures up near the high of the range…
E-Mini S&P is bullish as it rotates off the low of today’s range, and I have my eyes on a key support trend-line for buying opportunities tomorrow morning…
Nasdaq is bullish with a trading-range, telling me to look for buying opportunities using seller-failures down at the range lows…
Gold is bullish with a Spike & Channel, telling us to look for buying opportunities using “bear traps” below prior swings…
Euro is bullish with a Spike & Range pattern, telling us to look for buying opportunities using seller-failures down below the range low tomorrow morning…
We’re getting ready to wrap-up a CRAZY week of trading with another big opportunity setting-up for Friday morning…
Crude Oil Day Trading Strategy
Crude Oil is bearish with a trading-range, Spike & Channel and measured-move on the chart this evening…
The momentum is clearly bearish, and with price coming off the low of this channel, my plan is to look for selling-opportunities at resistance levels at the high of the channel tomorrow morning…
At the same time, I’m also watching this momentum as we push higher… looking for signs of a short-covering rally that will drag price back into the range where today’s session began…
If we do see a short-covering rally, then I’m looking for buying opportunities using bear-traps along the way…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish with a trading-range, support trend-line, and measured-move on the chart this evening…
The bears have the long-term momentum, but with this recently rejection off the range lows, we can expect short-term momentum to send prices running back up to the highs in the short-term…
Knowing this, im looking for support levels to combine with entry patterns, and this rising support trend-line will make for a great place to start looking for entries with a target up at the measured-move and ‘pendulum swing’ tomorrow morning…
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bearish with a trading-range, support trend-line, and measured-move on the chart this evening…
The long-term momentum is bearish, but with price-action rotating off the low of this range we can easily say the short-term momentum is bullish and trying to run back to re-test this morning’s high…
Knowing this, I want to look for buying opportunities using seller-failures down near the low of the range, while keeping my eyes open for a 2-Try Failure pattern to sell off the highs later in the session tomorrow morning…
Gold Day Trading Strategy
Gold is bullish with a strong Spike & Channel into a measured-move today…
The strength of this move higher is important – telling us the bullish momentum is so strong that ANY pullback below the moving-average will most likely be seen as a buying opportunity tomorrow…
I’m also watching to see if this market turns sideways into a range – remember, whenever we see this much strength in one direction, the following day is often a range, so im watching for the double-tops at the highs and then will focus on buying the traps and seller-failures below the range low tomorrow morning…
Euro Day Trading Strategy
Euro is bullish with what appears to be a double-top into a trading-range, and a measured-move on the chart this evening…
The bulls have the momentum going into the trading-range, so we want to buy the low of the range using the 2-Try Failure tomorrow morning…
If price tries to push higher, we have to worry about buying into the measured-move resistance, so STRENGTH through these highs will be important, then will start looking for a Spike & Channel pattern from there…
