Are You Ready For OPEX Friday?

We’re headed into Options Expiration (OPEX) tomorrow morning, which means our window of trading opportunities will be a little smaller than normal…

But not to worry, there are lots of high-percentage trades setting-up on the charts this evening, and I’ll go into all the details in tonight’s video… 

We have a lot of ranges on the charts tonight, so I’ll be focused on failures and breakouts to finish the week in the green.  Are you ready?

E-Mini Keys to Success:

  • Bearish into a range, overshoot the low and pendulum swing back up above the highs.  Looking to get short, but worried about bull momentum
  • Bulls Want to hold this pullback and take control for a move back to the highs
  • Bears Want to trap bulls on the wrong side, selling back into the range.

Best Setups for Tomorrow: 

  • [UP] – Nested failure to sell (or) 2-try trap to buy
  • [DOWN] – nested failure with trap to sell (or) crown reversal to buy
  • [SIDEWAYS] – sit on hands, wait to fade the breakouts with failure patterns.

Crude Oil Keys to Success:

  • Three legs down into the weekly range, expect a deep pullback or range
  • Bulls Want to reverse the momentum with a 123-Reversal pattern
  • Bears Want to finish the move back into the range, and beyond

Best Setups for Tomorrow:

  • [UP] – failure pattern to sell (or) 123-Reversal to
  • [DOWN] – 123-breakout to sell (or) crown reversal to buy
  • [SIDEWAYS] – sit on hands, wait to sell the pops with failures.

Gold Keys to Success:

  • 3 Legs down into a range, keep selling the pops and look for a breakout lower
  • Bulls Want to reverse this trend with a 123-Reversal
  • Bears Want to sell above the range or sell a breakout going lower.

Best Setups for Tomorrow:

  • [UP] – Nested failure to sell (or) 123-Reversal to buy
  • [DOWN] – 123-breakout / 2-Try breakout to sell (or) crown reversal to buy
  • [SIDEWAYS] – sit on hands, wait to short the pops!
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