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Crude Oil is bullish with a Spike & Wedge ahead of tomorrow’s weekly inventory report, which tells us to look for buying opportunities as early as possible so we don’t get chopped-up around the news.
S&P is bullish and trying to finish the measured-move, and how they finish this move will tell us is this is a channel or a Trading-Range strategy for tomorrow.
Nasdaq is bullish with a Spike & Channel, but a major resistance level on the chart is telling us to look for a possible range tomorrow, which will require us to adjust our plans accordingly.
Gold has opportunity on both sides for tomorrow. Sellers have a flag pattern and they will look to “fade” this move back down again, while the buyers will be waiting down in the ‘battle zone’ tomorrow.
Euro is bearish and trading sideways, and I’m using a short-term bull Spike & Channel to help plan my trades for Wednesday.