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We’re back to our desks after the Quad-Witching break last week, and we have a busy week of trading ahead of us as we go into the end of March…

All three of our favorite markets were bullish going into the closing bell this afternoon, but after looking closer at the charts, I find myself wondering…

Can the buyers really hold these highs?

We don’t have many good options to get long right now;  we have major resistance overhead, along with gaps and ranges acting like price-magnets below, which tells me to look for failures and reversals to get short…

E-Mini S&P (ES):

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E-Mini Keys to Success:

Key Takeaway:

• Day begins with a Weekend Gap and a range before buyers broke out and grind higher for most of the session to complete a quadruple measured-move.
• Bulls want to buy the pullback and retest the highs
• Bears want to reverse the trend back into the range

Best Trades for Tomorrow: 

• [UP] – seller failure to buy (or) crown reversal to sell
• [DOWN] – nested failure to buy (or) 123-Reversal to sell
• [SIDEWAYS] – sit on hands, wait to buy below range low with failures

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq Keys to Success:

Key Takeaway:

• Buyers took control at the open, completed their triple measured-move and are now struggling to hold this momentum with a resistance trend-line coming down overhead.
• Bulls want to hold this pullback and retest today’s high
• Bears want to reverse the trend back to the range from last week.

Best Trades for Tomorrow:

• [UP] – crown reversal to sell (or) 123-breakout to buy
• [DOWN] – 123-Reversal to sell (or) nested failure to buy
• [SIDEWAYS] – sit on hands, wait to buy low/sell high

Gold Futures (GC):

(Click on image to enlarge)

Gold Keys to Success:

Key Takeaway:

• Strong move down for the bears goes into a small trading-range before popping higher.
• Bulls want to hold control to retest today’s high
• Bears want to go back to the range from this morning.

Best Trades for Tomorrow:

• [UP] – 2-try trap to buy (or) crown reversal to sell
• [DOWN] – 2-legged pullback to sell
• [SIDEWAYS] – sit on hands, wait to fade the breakouts