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Risk vs. Reward Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro


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Crude Oil is bearish and trying to re-test yesterday’s low, but a rising support trend-line stands in our way, so we’re looking for “traps” for selling-opportunities tomorrow.

S&P is bullish with a flag pattern, telling us to look for buying opportunities with seller-failures down at the low of the range tomorrow.

Nasdaq is bullish with another strong, but low-volume run higher today, and I’m watching for a “hidden channel” to help buy pullbacks tomorrow.

Gold is bearish with a Spike & Range, telling us to avoid selling the low, and focus on selling up above the range using the '2-Try Rule' tomorrow.

Euro is bearish with a potential Spike & Channel as it tries to finish the move back to last month’s high, so I’m looking for a “bull trap” up above the resistance levels waiting overhead.

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