Finish Line Trading Strategy

Markets were RED HOT going into the first week of April, with some big strong trends, telling me to anticipate another leg higher on Tuesday…

One thing that concerns me though, is that most of these markets appear to have already reached their “finish line”, which means I need to make some big adjustments going into tomorrow morning.

Crude Oil is Bullish, But Where’s the Finish Line?

Crude Oil is bullish with a strong bull run, but with price testing a TRIPLE measured-move on the chart, it’s probably NOT a great idea to start buying into this “finish line” for the buyers.

Knowing this, a better strategy would be to wait for a deep pullback, perhaps down in my battle-zone for more reliable buying opportunities on Tuesday.

E-Mini S&P is Bullish – Did You See the Overshoot?

E-Mini S&P is bullish with an “overshoot” at the high of a Spike & Channel, which tells me I need to be prepared for three possible scenarios.

First, I have a perfect spot to buy the pullback down at 61.25.  Second, I’m already seeing signs of a range-bound market. Third, I can easily see this breaking higher into another Spike & Channel.

Knowing all of this, my job right now is to wait and see which scenario we get so I can execute the best entry pattern along with my clients.

Nasdaq is Bullish into Major Resistance

Nasdaq is bullish, but trading at the measured-move and the 7500 round number appears we’ve already reached the “finish line” for this trend.

With that said, I’m better off waiting for either a strong push through the measured-move or a deep pullback into the battle-zone.

No matter what, my best entry set-up will be a seller-failure for sure!

Gold is Bearish, But Look Left!

Gold is bearish with a big move back down to re-test March’s low, which reminds me that I don’t want to sell into these lows – I want to be taking profit at these lows, not getting into a new short position!

Knowing this, I’d rather wait to sell into a bounce off this measured-move, waiting for the buyers to try and reverse this market so I can sell into their stops for a collapse back down to the lows again tomorrow morning.

Euro is Keeps Bouncing Back and Forth (Fade It!)

Euro is range-bound and still rotating back and forth inside this range, which tells me to keep buying low, selling high, and avoiding the middle.

And as for the pattern, the 2-Try Failure pattern is always the KING of a range-bound market!

 

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