Video Length: 00:42:54

Are You Seeing this Potential Short Squeeze?

You’re right — everything is bearish right now, but we’re sitting at major lows with ranges (magnets) just above us.I can’t think of any better opportunity for the buyers to grab this…

And you know me – I’m always prepared for both directions, so I have some short setups off the highs and bear breakouts on my radar as well…

Friday is only a couple hours away – are you seeing these trades?

E-Mini S&P (ES):

(Click on image to enlarge)

E-Mini Keys to Success:

• It was another wild session on the Emini with both buyers and sellers taking turns controlling the market's momentum.
• Sellers finished the day with control into a trading range and bears are trying to break new lows for another leg lower.
• Buyers will be looking to buy reversals off these lows, and trade breakouts going higher in the opposite direction.
• Sellers can trade the breakout going lower, but they need to see PROOF before they do.

Best Trades for Tomorrow: 

• UP – buy the 123-Reversal (or) sell the buyer failure
• DOWN – sell the 123-breakout (or) buy the seller failure

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq Keys to Success:

• Bears have control into a trading-range this afternoon.
• Sellers will be looking for shorts at resistance levels above the range, along with breakouts running lower
• Buyers will be looking for longs at support levels below the range, along with pendulum-swing reversals shooting back higher.

Best Trades for Tomorrow: 

• UP – buy the 123-Reversal (or) sell the buyer failure
• DOWN – sell the 123-breakout (or) buy the seller failure

Gold Futures (GC):

(Click on image to enlarge)

Gold Keys to Success:

• Gold is rotating back and forth inside a large trading-range today.
• Buyers will be looking long at support levels below the range, along with bull breakouts going higher.
• Sellers will be looking for shorts off resistance levels above the range, along with bear breakouts going lower.

Best Trades for Tomorrow: 

• UP – buy the 123-breakout (or) sell the buyer failure
• DOWN – buy the seller failure (or) sell the bear breakout
• SIDEWAYS – sit on hands and avoid the middle of the range.