Trade the Market Melt-Up | Crude Oil, Emini S&P, Nasdaq, Gold

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We’re back in the action for another BIG week of trading opportunities this evening, and we have a lot to cover in tonight’s video…

Everyone’s waiting on the signing of the Trade Deal mid-week, Earnings Reports will keep the overnight session interesting, and we have a slew of economic data coming out that will surely give us plenty of volatility and set-ups…

But the question on everyone’s mind tonight is – how are we going to trade this “market melt up” tomorrow morning? Not to worry, I have a great plan, but are you ready?
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Crude Oil is bearish into a trading-range, which tells me to sell above the range with buyer-failures or buy below the range with a crown-reversal.

E-Mini S&P is bullish and “melting” higher into the close, telling me to stay patient to buy the next pullback, but with all this momentum running higher, I’ll bet tomorrow goes sideways, so I’ll be looking for set-ups to buy into seller-failures below the range.

Nasdaq is bullish and “melting” higher as markets anticipate that trade deal getting signed later this week, and with all this bullish momentum I’m just waiting for my chance to buy the next pullback, especially at the low of the hidden-channel I’ve found on the chart…

Gold is bearish and just about to re-test today’s low, which is just below last week’s range, which means I’m either going to buy these lows with a crown-reversal, or I’ll wait to sell above the high using a buyer-failure pattern.
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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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 web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 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.

Comments

Joseph James says:

Melt-up markets can be hard to trade because you dont get many pullbacks, but wise traders know they wont last forever, the key is trading the failures. Are You Ready for tomorrow?

Elephants Aplenty says:

great stuff!

Jonathan R. Holmes says:

great vids mate.. with your 3 zones how are you defining the depth of each them?

James Pascalli says:

Awesome video

Krag Ferris says:

I'm in the finishing group again J.J.
Still trying to save up enough to join. Things fell through, but I'll make it!

keith newman says:

buyer failure, not seller failure on gold jj

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