The Calm Before the Crash? Favorite Trades for Tuesday

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Aug 31, 2020 at 10:18 PM EDT

E-Mini S&P is bearish and sitting on today’s lows after failing to complete their pendulum swing near the highs, the failed rotation is a big clue, and when combined with that high VIX, it tells me to get ready for shorts.

(Video length 00:43:43)

We’re back to our desks for another big week of trading; we have a new month beginning tomorrow, back-to-school for the kids, and a surprise spike in the VIX…

The biggest clue, however, is what we DIDN’T see today; bullish rotation.

The bulls failed miserably, and when combined with a rising VIX, it tells me to be ready to get short – I want to make sure you’re ready, let’s go…

E-Mini S&P Sellers Looking for a Bearish 123-Breakout…

E-Mini S&P is bearish and sitting on today’s lows after failing to complete their pendulum swing near the highs; the failed rotation is a big clue, and when combined with that high VIX, it tells me to get ready for shorts…

Crude Oil Sellers are Waiting for a Good Entry…

Crude Oil is bearish and trying to complete a pendulum swing target down at 41.50, but we’re too close to the range to start selling; my plan is to either sell above the range, or sell the 123-breakout using a new hidden channel.

Gold Buyers Waiting Patiently to “Buy the Dip”

Gold is bullish with a spike and channel pattern, which tells me the best entries will be around the “base” of the channel. My plan is to wait for a deep pullback and then look to buy into the stops of the counter-trend sellers as they chase it lower.

Disclaimer:

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