Two Best Pullbacks For Tuesday (And A Reversal!)

Video Length: 00:49:15

We’re back to our desks once again, this time for the first week of March, and the markets didn’t waste any time giving us some great opportunities today…

Emini, Nasdaq and Gold all made big moves on the charts today, which means traders will be looking for ways to trade pullbacks on Tuesday morning…

Emini and Nasdaq have two nice spots for pullbacks, but Gold doesn’t look so easy.  In fact, I might look for the next pullback to fail and trade the Gold reversal instead.  Here’s my plan for Tuesday, let’s get started… 

E-Mini Keys to Success:

  • Strong move higher to the 3900 price-magnet
  • Large move today, expect a range or DEEP pullback tomorrow
  • Bulls Want to buy deep pullbacks to support levels below
  • Bears Want to reverse the trend back to the range below.

Best Setups for Tomorrow: 

  • [UP] – 123-breakout to buy (or) crown reversal to sell
  • [DOWN] – trap or seller failure to buy (or) 123-Reversal to sell
  • [SIDEWAYS] – sit on hands, wait to buy the pullback

(Click on image to enlarge)


NASDAQ Keys to Success:

  • Strong bull run trying to complete the measured-move
  • Bulls Want to buy pullbacks to support or traps going higher
  • Bears Want to reverse the trend back to the range magnet below

Best Setups for Tomorrow:

  • [UP] – 2-try trap / 123-breakout to buy (or) crown reversal to sell
  • [DOWN] – seller failure to buy (or) 123-Reversal to sell
  • [SIDEWAYS] – sit on hands, look to buy below the range

(Click on image to enlarge)


Gold Keys to Success:

  • Bulls failed to hold the bounce and price is sitting at major lows
  • Too low to sell, too bearish to buy
  • Range overhead is a price-magnet, beware strong snap higher
  • Bulls Want to reverse the trend back to today’s high
  • Bears Want to finish the retest of the low, complete move to 1702.4

Best Setups for Tomorrow:

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