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Another wild session comes to an end; are you ready for Wednesday?

The Eminis are both bullish and I’ll be looking for pullback entries after such a strong run higher. And let’s not forget, there’s a range below and a reversal is definitely on our radar as well!

And speaking of reversal, Gold sellers have really boxed themselves into a corner. If they don’t get some momentum going lower, I would expect a bullish reversal to snap higher on Wednesday morning. Are you ready? Here’s my plan…

E-Mini S&P (ES):

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E-Mini Keys to Success:

• Big move today, range tomorrow?
• Trending Market = Continuations, Reversals & new Ranges
• Sellers took it lower to start the session, but price quickly reversed after completing the pendulum-swing and raced higher into the close.
• Bulls have a lot of strength behind this move, suggesting that another leg will likely be coming on the next pullback. 
• Sellers need to stay patient and wait for buyers to show signs of exhaustion up around these highs before they can start getting short back into the range below.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout (or) sell the 2try reversal
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – wait for the new range to form, then buy support levels below it.

E-Mini Nasdaq (NQ):

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Nasdaq Keys to Success:

• We had a big move today, keep an eye out for a range tomorrow.
• Trending Market = Continuations, Reversals & new Ranges
• Sellers took it lower to start today’s session, but sellers failed to hold and price snapped higher into a spike and wedge to finish the session.
• Buyers have control, and they’ll be looking for entries on the next pullback to support levels with a target up at the pendulum-swing overhead.

Top 3 Trades for Tomorrow: 

• UP – buy the 2-Try breakout (or) sell the 2try Reversal
• DOWN – buy the seller failure (or) sell the 123-Reversal
• SIDEWAYS – sit on hands and wait to buy support levels below the range.

Gold Futures (GC):

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Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bears have control into a narrow trading-range.Sellers got short on the most recent breakout and will be trying to complete the pendulum-swing going lower.
• If bears fail to complete the pendulum-swing, buyers will see it as weakness and look for a run higher.
• Sellers have to stay patient for a strong run lower before they can look for more entries, because another move above the range will be seen as a major failure.
• Buyers can buy support levels below the range, as well as a 123-Reversal going higher.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-Reversal (or) sell the buyer failure with a trap
• DOWN – buy the seller failure (or) sell the 123-breakout
• SIDEWAYS – avoid the middle of the range, wait to buy low/sell high.