Are You Watching These Support Levels On Tuesday?

Video Length: 00:48:13

We’re back in the action after Super Bowl Weekend, and the market’s picked up right where they left off last week; bullish trends and price just keeps climbing higher…

Knowing this, I’m looking for ways to buy pullbacks at support levels, but when I look at the charts tonight, I’m seeing wedges and ranges that tell me to choose wisely…

So before you buy the next pullback, make sure you know where these important support levels are, because this is where I’ll be looking for my entries on Tuesday morning…

E-Mini Keys to Success:

  • Bullish gap to start the day, buyers kept buying the dips until they pushed to new highs. We’re trading in a wedge, looking to buy the low of the wedge.
  • Bulls Want to buy pullbacks to support levels
  • Bears Want to reverse the trend with a 123-Reversal

Best Setups for Tomorrow: 

  • [UP] – 2-Try breakout to buy (or) crown reversal to sell
  • [DOWN] – seller failure to buy (or) 123-Reversal to sell
  • [SIDEWAYS] – sit on hands, wait to buy below the range.

(Click on image to enlarge)

Nasdaq Keys to Success:

  • Bullish into a range, buy below it, or buy the breakout
  • Bulls Want to buy pullbacks on the way to the measured-move
  • Bears Want to reverse the trend

Best Setups for Tomorrow: 

  • [UP] – 2-try trap to buy (or) crown reversal to sell
  • [DOWN] – 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:

  • Bull spike and channel, maybe bull wedge running higher
  • Bulls Want to buy pullbacks to support levels below we reach the target
  • Bears Want to reverse the trend and go back to last week’s range.

Best Setups for Tomorrow:

  • [UP] – 2-try trap to buy (or) crown reversal to sell
  • [DOWN] – shallow traps & deep pullback failures to buy (or) 123-Reversal to sell
  • [SIDEWAYS] – sit on hands, wait to buy seller failure below the range
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