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“Once you understand what excellence is all about…you see how excellence manifests itself in any discipline.”

Crude Oil is bearish with a $4.00 move lower, telling me to anticipate a range tomorrow morning and plan to use buyer-failures up above the moving average for a selling-opportunities…

E-Mini S&P is bearish and trading at the low of a range, telling me to look for selling-opportunities up at the highs, but in the short-term, I’m looking for the sellers to fail for a scalp going back up to the highs…

Nasdaq is bearish with a triangle, telling me to fade the breakouts using the 2-Try Failure pattern tomorrow morning…

Gold is bullish with a trading range, and I’m waiting patiently to look for buying opportunities after the sellers complete the ‘pendulum swing’ off the highs…

Euro is bearish with a strong run lower, so my plan for tomorrow is to find selling-opportunities at the high of this channel before we get to the key support level only a few points below us…

We’re headed into the Thanksgiving Holiday on Thursday, and with a TON of major news on the schedule tomorrow, I’m expecting tomorrow to be a little chaotic, but that’s not going to stop us from finding some reliable trading-opportunities in tonight’s newsletter…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a strong move lower, Spike & Channel, and measured-move on the chart tonight…

The strong move down gives the bears the momentum, telling me to look for selling opportunities at resistance levels overhead…

The high of this Spike & Channel will make for an excellent resistance area to start looking for buyer-failures to sell into stops for a collapse back down to the lows…

It’s also important to remember that any time we see such a strong move in one session, the following day is almost always a trading range, so I’m going to keep my eyes open for double-bottoms, flat moving-average, and if that happens, start fading the bull breakouts using the ‘2-Try Rule’.