Pick Better Pullbacks – 5 Patterns For Tomorrow
Video Length: 00:52:34
Wow – we got some strong moves into the closing bell this evening, and all that momentum tells me there’s likely another leg coming tomorrow – but where’s the best pullback entry?
Do I get aggressive with a shallow pullback? Wait for a deeper pullback? Or maybe try predicting a reversal? It all depends on the market’s context, and I’ll show you five reliable setups I’m watching for Thursday…
Crude Oil Sellers Would Love This Pullback…
Crude Oil is bearish and finished today’s session with a strong run lower, which tells me to look for sell setups off key resistance levels before we reach the measured-move target tomorrow morning…
Knowing this, I have my eyes on the 33.00 area because I see two trend-lines coming together – the only variable is how the market pulls back…
E-Mini S&P Finishes the Day on Strength…
E-Mini S&P is bullish and finished a volatile session all the way up at today’s high, which tells me to expect buyers to exit positions and look to re-load at a lower price tomorrow…
With this in mind, I’d like to wait for a deep pullback off these major highs, and I’ll be looking for ways to trap sellers on the wrong side of the moving-average…
(Click on image to enlarge)
Gold Bounces into Rollover – Can I Sell This?
Gold is bearish, but contract rollover resulted in a strong bounce off the lows which gives the buyers an edge in the short-term – I need to stay patient…
Luckily, the chart looks ripe for a 2-legged pullback setup, so I’m going to wait for the sellers to get long on the next pullback and look to sell into their stops using the trend-line as resistance…
(Click on image to enlarge)
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