Don’t Let This Breakout Trade Fool You!

So many great breakout trades right now!

With the Eminis coiled-up in a tight range today, and Gold collapsing off the highs, we have some excellent opportunities on our radar for tomorrow…

I’m looking to trade range breakouts on the Eminis, pullback entries on Gold, and we have some big news on the schedule to kick it off tomorrow morning…

E-Mini S&P (ES):

E-Mini Keys to Success:

• Range Market = Trade the edges with failures and look for breakouts
• Bullish into a range, but the buyers have a challenge with that resistance trend-line coming down overhead.

Top 3 Trades for Tomorrow: 

• UP – Sell the high with buyer failure (or) buy the bull breakout
• DOWN – buy the seller failure (or) sell the bear breakout
• SIDEWAYS – sit on hands and wait to buy low, sell high with failures.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Range Market = Range acts like a magnet.  Buy low, sell high, focus on failures and look for breakouts on strength
• Bulls have control into a range, but with buyers getting in below the range already, they need to complete their pendulum-swing target above or price will likely selloff and move lower.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure off the highs (or) buy the bull breakout
• DOWN – sell the breakout going lower (or) buy the seller failure
• SIDEWAYS – sit on hands and wait for a breakout to buy low, sell high

Gold Futures (GC):

Gold Keys to Success:

• Trending Market = Follow the trend, sell retracements at resistance until it reverses or goes sideways.
• Big Move down today, look for a possible range tomorrow
• Sellers will be looking to complete the pendulum-swing rotation down to the lows of the weekly range.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the bull reversal
• DOWN – sell the breakout (or) buy the reversal off the lows
• SIDEWAYS – avoid the middle of the range, wait for a breakout