Buy the Dip, Right? My Plan for Non-Farm Payrolls

We’re headed into Non-Farm Payrolls tomorrow morning, and with the sharp selloff we saw today, there will be plenty of rookies trying to “buy the dip” before the holiday weekend…

But in my experience, a big selloff like today often results in range-bound markets the following day, which means those buyers might be walking into a trap…

Knowing this, my plan is simple; I'll be waiting for buyer-failure patterns around key resistance levels and stay focused on selling into stops. The key will be patient, let me show you where to look…
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E-Mini S&P is bearish into a wedge, which tells me to look for sell setups around the “edges” of the wedge using buyer failure patterns. If price continues lower, I'll be looking to sell bull-traps…

Crude Oil is bearish into a wide trading-range, which means I'll be staying patient to sell into bull breakout failures with a target going back to the range lows.

Gold is bearish with a spike and channel pattern, which tells me to look for sell setups above the channel highs. I have my eyes on 1950 where the channel, expanding triangle and pendulum swing all come together at the same spot!
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.