Trade this Head-Fake Reversal on Friday

One more day left this week – let’s make it count!

Everything’s bearish on the charts tonight, but look closely and you’ll see it’s hard to find any decent sell setups…

The Emini and Nasdaq are bearish into ranges, but you’ll see why I’m looking for a head-fake reversal instead…

Crude Oil is bearish too, but it’s hard to get long when you see these two ranges stacked on top of each other tonight…

Remember – Fridays are usually a smaller window of trading, so be sure to watch tonight’s video so you’re ready for this head-fake reversal!

E-Mini S&P (ES):

E-Mini Keys to Success:

Bears have control into a range on the Emini this afternoon, which means sellers will be looking for shorts at resistance levels above the range, or breakouts going lower.

Buyers have some good options tomorrow as well – they can buy a seller failure below the range, and they can buy a 123-breakout going higher.

One thing to keep in mind – this week’s been trading inside one big range, so we need to quick on the breakout entries, then looking for ways to buy low and sell high going back into the weekly range.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Bears have control into a range on the Nasdaq going into the close today.

Sellers will be looking for shorts up at resistance zones above the range, or breakouts going lower.

Buyers can look for buying opportunities at support levels below the range, or using a 123-breakout going higher.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is also bearish into a trading-range, but this recent breakout failed and price now looks to make a pendulum-swing running higher.

Sellers may have control of momentum, but they don’t have many options right now – momentum will be too strong to sell above range highs, and their last attempt to go lower clearly backfired.

Buyers can look for longs on the way up to the pendulum-swing target near today’s high, along with buy setups off support levels below today’s range.