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One more day left this week, let’s make it count!

With some “fresh blood” in the markets after today’s big drop and the Fed Speaker scheduled for mid-morning, I’m excited to finish the week with some more big moves tomorrow morning…

Everything looks great for the short-side tonight; both the Eminis are bearish into ranges, and even though Gold has a recent spike higher, we’re sitting in the PERFECT place to get short back to the lows…

Remember – Fridays have a little different personality and overall game plan, so make sure you watch tonight’s video. The plan is set and ready, all I need is you!

E-Mini S&P (ES):

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E-Mini Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Sellers have control into a range this afternoon, telling us to look for selling opportunities up at resistance levels above the range itself.
• Sellers would love to see a strong bounce higher so they can sell into stops of the “buy the dip” bulls, or sell a breakout on strength going lower to the Weekend Gap from last Friday.
• Buyers need to stay patient for a 123-Reversal pattern and a change in momentum.

Top 3 Trades for Tomorrow: 

• UP – sell into a buyer failure (or) buy the 123-Reversal
• DOWN – sell the bear breakout
• SIDEWAYS – sit on hands and wait for a bounce or breakout

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bears have control into a range near the low of today’s session.
• Sellers will be looking for shorts off resistance levels above the range, along with breakouts going lower to finish the pendulum-swing target (and possibly more).
• Buyers need to stay patient for a change in momentum with a 123-Reversal, then they can buy pullbacks off channel lows.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the 2-try trap (or) buy the Crown reversal
• SIDEWAYS – avoid the range, wait to sell high or buy low.

Gold Futures (GC):

(Click on image to enlarge)

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bears have control into a trading-range, but a recent spike higher gives the bulls a clear opportunity to grab control for a run back to recent highs at 12.20.
• The range below us acts like a magnet, so sellers will be looking for this 2-try failure to trigger short for a pendulum-swing run back lower again.
• Buyers have great momentum and all they need to do is hold this pullback and we can start looking for entries off the low of a channel going higher.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout (or) Sell the buyer failure
• DOWN – sell the 123-Reversal & sell the 2-try trap
• SIDEWAYS – wait for the new range to develop, then buy low and sell high with failures.