4 Ways To Trade Wednesday’s Inflation Report
Video Length: 00:40:52
Are you ready for tomorrow’s big inflation report?
We have our first big news report of the week tomorrow morning, and with markets trading sideways inside of ranges, I’ll be watching for failures, breakouts, and reversal patterns to trade with. Here’s what to watch.
E-Mini Keys to Success:
- Bullish into a range, buy low, sell high, avoid the middle
- Bulls Want to buy below the range or buy breakout higher
- Bears Want to short the highs of the range or wait for a reversal
Best Setups for Tomorrow:
- [UP] – 123-breakout to buy (or) crown reversal to sell
- [DOWN] – nested failure to buy (or) 123-Reversal to sell
- [SIDEWAYS] – sit on hands, wait for a breakout
(Click on image to enlarge)
Nasdaq Keys to Success:
- Bullish into range; buy low, sell high, focus on failures
- Bulls Want to buy below range, or buy breakout higher
- Bears Want to sell the high of the range, or sell a reversal
Best Setups for Tomorrow:
- [UP] – 123-breakout to buy (or) crown reversal to sell
- [DOWN] – nested seller failure to buy (or) 123-Reversal to sell
- [SIDEWAYS] – sit on hands, wait for a breakout
(Click on image to enlarge)
Crude Oil Keys to Success:
- Bullish V-bottom, retesting major highs/resistance
- Bulls Want to buy the breakout going higher
- Bears Want to sell these highs with a reversal pattern
Best Setups for Tomorrow:
- [UP] – 123-breakout to buy (or) crown reversal to sell
- [DOWN] – 123-Reversal to sell
- [SIDEWAYS] – sit on hands, wait to buy below lows
(Click on image to enlarge)
Gold Keys to Success:
- Bullish into a range, trade the edges of the triangle
- Bulls Want to buy below the range or buy a bull breakout
- Bears Want to sell the high or sell a breakout lower
Best Setups for Tomorrow:
- [UP] – 123-breakout to buy (or) crown reversal to sell
- [DOWN] – nested failure to buy (or) 123-Reversal to sell
- [SIDEWAYS] – sit on hands, wait for a breakout
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