Trade Plan for 5/18-5/22
Precious Metals and Crude Oil about to move YUGE
Last week I once again chose to assign bias for the market on a day to day basis, but even though the indices were broken out with backtests, I expected some ‘shenanigans.’ ✅ My levels performed extremely well across the board.
I closed my $NFLX short opened right before earnings last week. ~108 >>> 86.87 💰💰💰
For the past several months both precious metals and crude oil have been coiling in consolidation. This week I give levels to watch to catch the next leg up or down for both. 👀 BIG moves incoming.
Summary of Market Action Last Week:
· The indices cooled off and consolidated last week, with both $ES/SPX futures and $NQ/Nasdaq futures closing close to flat after a red Friday. $RTY/small caps futures lost ground on the week, barely holding weekly support.
· Precious metals declined and continue to coil for a large move. $GDX/gold miners was the relative strength loser for the week, after showing strength last week.
· $XOP/oil equities and $CL/Crude Oil futures got a bounce with tech stocks cooling off.
Here’s how last week closed out:
For the week ahead (5/18 – 5/22/26)


