Who Comes First? Bulls (Or) Bears?

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News from Beijing sent prices racing higher today, which means tonight’s newsletter is all about using momentum, but more importantly, asking ourselves that important question, “who comes first?  The bulls or the bears?”

Crude Oil is Bullish into a Range

Crude Oil is bullish into a trading range, which tells me to look for buy set-ups below the range using the 2-Try Failure pattern or through the highs using my 2-Try Breakout Pattern.

Furthermore, its also important to keep an eye on the big target up at 57.81 because if this market keeps pushing higher, I will begin looking for “traps” to enter on shallow pullbacks to avoid buying into resistance.

Crude Oil is bullish but those double-tops are worrying me!

E-Mini S&P is Almost to the Moon! Time to Sell?

E-Mini S&P is bullish with a Spike & Channel pattern, which always tells me to stay patient and wait for a DEEP pullback into the battle-zone.

Furthermore, if we do get that deep pullback, the most reliable buy set-ups will likely be using the ‘2-legged pullback’ pattern.

And let’s not forget, whenever the market goes this far in one session, the following day often turns sideways into a range.

E-mini ES is bullish and still room to go!

Nasdaq is Running Hard, Where’s the Target?

Nasdaq is also bullish with a Spike & Channel, and similar to the S&P, I’m looking to buy a pullback into the battle-zone.

However, there’s one big difference – the Nasdaq has already reached its target at the round-number, so we have to stay patient for a deep pullback to avoid buying this too high on Tuesday.

Nasdaq is bullish, but have we reached the objective?

Gold is Bearish, But Will This Last?

Gold is bearish into a range, but a closer look at the BIGGER picture and it’s easy to see that today’s bearish move down is most likely just a pullback off the high from last Friday’s Non-Farm Payroll rally.

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