These Two Pullbacks Could Make Your Entire Week!
Man, these charts are gettin’ me excited!
Why? Because both the Emini and Nasdaq have (2) two beautiful pullback opportunities going into Wednesday…
And Crude Oil has two big clues telling us exactly where to get long (and short) ahead of tomorrow’s Inventory Report…
Plus… we have Jerome Powell early tomorrow morning, and you know he’s gonna light these markets on fire with inflation talk!
Tomorrow’s one of those days we wait all month for, don’t miss it!
E-Mini S&P (ES):
E-Mini Keys to Success:
The Emini is bullish into a combination of spike and channel and trading-range.
Both of these chart patterns tell us the same thing – buyers will be looking for entries at support levels below them.
Knowing this, we can assume buyers will be eager to get long off the next deep pullback, or they can look for breakouts going higher.
Sellers have to stay patient, but a double-top reversal would be a good short off the high, along with a 123-Reversal pattern going lower on strength.
E-Mini Nasdaq (NQ):
Nasdaq Keys to Success:
Nasdaq is bullish with a spike and range pattern on the chart.
Ranges act like price-magnets, and with such a strong bull trend, we can assume buyers will be waiting to buy deep pullbacks off support levels below this range.
Buyers can also look for breakouts going higher, using a 123-breakout and buying the first pullback off the new channel.
Sellers have options too. They can look for double-top reversals off range highs, along with selling strong breakouts going lower.
Crude Oil Futures (CL):
Crude Oil Keys to Success:
Crude Oil is bearish into a trading-range this evening, but with two strong moves in both directions, we can trade both sides of this market.
Buyers would love to get long off support levels below today’s range, and there will certainly be breakout opportunities ahead of the major highs above us.
Sellers have options too. They can sell a double-top reversal off the major highs, and they can sell a 123-breakout going back to 105/100.
