Waiting for Market to Pullback on Daily Charts

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Today the NASDAQ was up a couple points and the DOW was down 23-24 points. The S&P futures closed at the 2063 level, about 54 points above the 10-bar moving average on the daily charts. Anytime the S&P futures are more than 30 points away from the 10-bar moving average on the daily charts it is an extreme condition. I think the market is going to pullback and make a series of higher lows between now and the end of the year. I am waiting for a pullback to work off the overbought condition where I would be looking for a long entry on the daily charts. Today oil was down around 83 cents, trading at the 43.77 level. I stated that once oil broke the 45.48 level on the daily charts that oil was in trouble. I stated that I was on the sidelines waiting to see what would happen with oil. If oil pushes up into the 48-49.50 range I would be looking to short oil off the daily charts. If oil pulls back into the 40-43 range I would look to buy oil off the weekly charts. If oil pulls into my range I would be looking for oil to push up to the 44.5-45.5 range within the following 1-5 business days. Gold traded up 4-5 dollars today before the gains were erased. I think gold could test the 1148-1154 range. I would only look to buy gold on an extreme oversold condition. When gold traded up to 1191 I stated that gold was severely overbought and I was looking for a pullback. Gold pulled in from 1191 down to 1158. I am now waiting for gold to get the extreme oversold condition where I would look to buy gold for a trade lasting 3-7 business days.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.