Thread The Needle With ‘Traps’ Before The Holiday

Video Length: 00:44:11

 

We’re headed into a Holiday Weekend, which means our window of opportunity will be much smaller, and we’ll have to be disciplined tomorrow morning…

Speaking of disciplined, there are traps GALORE on the charts tonight, so we need to “thread the needle” to finish tomorrow in the green…

Can Oil Bulls Fight Off This Strong Pullback?

Crude Oil is bearish, but we’re sitting just below today’s bullish range, which will likely act like a price magnet – so I’m looking for ways to trap the sellers on the wrong side of this range for a rally back up to the highs.

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E-Mini S&P Sellers Need a Break Down..

E-Mini S&P is bearish and also trading just below a range, but unlike Oil, this market’s been bearish all day, and I’m looking for ways to “thread the needle” getting short off the highs…

(Click on image to enlarge)

This Support Trend Line is Key on Gold…

Gold is bearish with two strong legs down for the sellers, and as we pull back off today’s low, I’m watching three key resistance levels overhead to get short.   My only challenge is a rising support trend-line, telling me to look for trap entries to avoid selling into support.

(Click on image to enlarge)

 

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