Short The Pops On Thursday (Wait For These)

 

Video Length: 00:48:07

What’s the best way to trade a strong bear trend?

Short the pops!  With the bears in control of our favorite markets, my job on Thursday morning will be staying patient for bounces off the lows so I can sell into the stops of the counter-trend buyers…

Where’s the best place to get short?  Keep your eyes on these locations…

E-Mini Keys to Success:

  • Strong 123-move for the bears on the way back to fill the weekend GAP.
  • Bears Want to sell the pops on the way down to last week’s low.
  • Bulls need to reverse the trend and buy the first pullback

Best Setups for Tomorrow: 

  • [UP] – buyer failure to sell (or) 123-Reversal to buy
  • [DOWN] – 2-try trap to sell (or) crown reversal to buy
  • [SIDEWAYS] – sit on hands, wait to short the pops above the range

(Click on image to enlarge)

Nasdaq Keys to Success:

  • Strong move lower, fills the weekend GAP, retests major lows, trying to complete major measured-moved target below.
  • Bears Want to sell the bounces at resistance levels overhead
  • Bulls Want to reverse the trend back to the weekend GAP and 13000 round number

Best Setups for Tomorrow:

  • [UP] – buyer failure to sell (or) 123-Reversal to buy
  • [DOWN] – 2-try trap to sell (or) crown reversal to buy
  • [SIDEWAYS] – sit on hands, wait to sell above the range at resistance levels.

(Click on image to enlarge)

Gold Keys to Success:

  • Strong move lower into range, bears sold the bounce and trying to finish the pendulum swing target below.
  • Bears Want to sell traps at resistance levels above the range
  • Bulls Want to reverse the trend back to today’s high.

Best Setups for Tomorrow:

  • [UP] – bull traps & buyer failures to sell (or) 123-Reversal to buy
  • [DOWN] – 2-try trap to sell (or) crown reversal to buy
  • [SIDEWAYS] – sit on hands, wait to sell resistance levels above the range.
1 2
View single page >> |

Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.