Video Length: 00:48:10

Woah, what a day!

Markets were wild with volatility today, which means there’s an opportunity to make money on both sides of these markets. For example…

The Emini and Nasdaq are both sitting on range lows, which is a great place to buy a reversal, then trap in buyers who chase it higher and sell into their stops!

Crude Oil is range-bound too, and with price bouncing around like a ping-pong ball, we can easily “buy low and sell high” with failure patterns…

These types of markets give us plenty of opportunities, but you need to plan ahead so you’re ready to react. 

E-Mini S&P (ES):

(Click on image to enlarge)

E-Mini Keys to Success:

Emini ES is bearish as sellers try to complete their pendulum swing off the high of today’s trading range.

Bears have momentum on their side, but it’s hard to justify getting short near these lows until we see proof of a pullback.

Buyers would love to buy a reversal of these lows and keep buying pullbacks on the way back up into the range above them.

Sellers need to stay patient, waiting for a 123-breakout going lower, or waiting for shorts off major highs above the range.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq Keys to Success:

Nasdaq is bearish and trading near the lows of today’s trading range.

Buyers can start looking for reversals off these major lows and then can “trade the turn” going back into the range again.

Sellers have to be careful down here.  It’s best to wait for a strong, 123-breakout before getting short going lower, or wait for opportunities to sell off range highs later tomorrow.

Crude Oil Futures (CL):

(Click on image to enlarge)

Crude Oil Keys to Success:

Crude Oil is bullish, but we spent the entire day inside the range from yesterday, which means we’re basically one big range right now.

Buyers will be looking for entries of support levels below the range, along with breakouts going higher.

Sellers can look for reversals off the highs, along with 123-breakouts going lower.