We’re back to our desks after last week’s Quad-Witching break, and with a little more than a week left in September, I want to make sure we squeeze every last drop of the best entry patterns this week…
Knowing this, we saw some big moves on the charts today, which means we have sideways-ranges and breakout patterns on our radar for tomorrow; here’s my game plan…
E-Mini Buyers Would Love a Nice Deep Pullback…
E-Mini S&P is bullish with a strong, 123-Reversal pattern coming off today’s low, which tells me to look for buy setups off the low of a new bull channel tomorrow morning.
(Click on image to enlarge)
Crude Oil Sellers Will Use the Range as a Magnet…
Crude Oil is bearish into a trading-range, which tells us to sell using buyer failure patterns at resistance levels above the range on Tuesday morning.
(Click on image to enlarge)
Gold Sellers Waiting for Buyers to Get Trapped Long…
Gold is bearish and went three legs down today, which tells us to anticipate a trading-range developing near the low’s tomorrow morning. Knowing this, I’ll be looking to get short with a “nested” buyer-failure pattern early in Tuesday’s session.
(Click on image to enlarge)
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.