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If you know my style – you know how much I love range-bound markets, which is why I’m so excited for tomorrow morning…

All three of our favorite markets are range-bound right now, and all three of them look great for some buying opportunities on Thursday…

The Emini and Nasdaq both look great for pullbacks and breakouts, but Gold has a trap setup that’s nearly impossible to resist.  Are you seeing it too?

E-Mini S&P (ES):

E-Mini Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Buyers took price higher into what appears to be another range at fresh all-time highs.
• Buyers have control and will be looking for buying opportunities at support levels below this new range, along with breakout opportunities to complete the measured-move target overhead.
• Sellers do have an opportunity to get short going back into the range from earlier this week, but they’ll need to be patient for exhaustion because this recent momentum is very bullish.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout & buy the 2-Try breakout
• DOWN – buy the seller failure (or) sell the 2try Reversal
• SIDEWAYS – sit on hands and wait to buy a pullback or breakout

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bulls have control into a narrow trading-range today.
• Buyers will be looking for long entries at support levels below the range, or breakout opportunities to reach the next objective up at 15442.

Top 3 Trades for Tomorrow: 

• UP – buy the breakout (or) sell the 2try Reversal
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – Avoid the range middle, look for buying opportunities under the range or breakouts going higher.

Gold Futures (GC):

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bears took price lower into a range, followed by a bear breakout that appears to be failing into a pendulum-swing rotation back up higher for the bulls.
• Buyers would love to buy the seller failure with a trap entry below 89.9, or get in on the pendulum-swing rotation running higher back into the range from earlier this week.
• Sellers do have opportunities here, but they would be wise to let buyers try buying the next pullback before they sell into stops.  Or, they can wait for a 123-breakout going lower and short the first channel test on the way down to the 1775 area.

Top 3 Trades for Tomorrow: 

• UP – buy the 2-try trap & buy the 123-Reversal
• DOWN – sell the buyer failure (or) buy the seller failure off hidden channel lows.