Trade Plan for 4/13-4/17

Deal or No Deal The Price is Always Right

Last week I was skeptical that we had seen ‘THE’ bottom, but as always I gave important levels to hold/not hold and my levels performed very well.

I remained neutral/optimistic about precious metals as I felt they generally chop out for the week.

For me, $CL/Crude futures had closed the previous week above a very important level, so I thought we’d see upside, but that level was lost last week. So now… was that a fakey breaky or do we see yet another major reversal? It’s all about that same level.

Summary of Market Action Last Week:

· The indices gapped down once again, but $ES/SPX futures held ‘major support’ and rallied into resistance as of Friday. $NQ/Nasdaq futures lead the rally edging out $RTY/small caps futures.

· Precious metals held support and closed green. $GDX/gold miners outperformed for the third week in a row.

· $XOP/oil equities declined once again as $CL/Crude Oil futures reversed a breakout.

Here’s how last week closed out:

For the week ahead (4/13 – 4/17/26)