November 23, 2020

Who Controls This Market? (Why It Matters)

Who Controls This Market?

It’s going to be a short week of trading ahead of the Thanksgiving Holiday on Thursday, but that won’t stop us from finding the best opportunities in the limited time we have…

Crude Oil and the Eminis are both range-bound this evening, while Gold is trying to recover after a massive collapse earlier this morning…

The most important question I’m asking ahead of tomorrow’s trading session is… “who controls this market?”  The answer tells us exactly where to find the best entry setups on Tuesday. 



E-Mini Needs a Pullback or a Breakout for Buyers to Get In…

E-Mini S&P is bullish into a trading-range, which means I’ll be focused on buying seller failures below the range, or buying 123-breakouts to new highs tomorrow morning…


Crude Oil’s “Rotation Off the High” Gives Bears the Edge…

Crude Oil is bearish and rotating off the high of today’s range, which tells me to look for sell setups using bull traps above the range, or trade a 2-Try breakout pattern running lower…


Gold’s Collapse Tells Us to Look for Deep Pullbacks and Sideways Ranges…

Gold is bearish after a massive run lower this morning, which clearly tells us “who has control”, but with such a large move lower, I’ll need to wait for a DEEP pullback before I can start looking for entries off the high of a wide bear channel…


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