This ‘Overshoot’ Reversal Could Mean Massive Gains!!

Wow, these markets are fun this week!

Everything’s bearish going into Wednesday, but look closely and you’ll see why experienced traders are gearing up for a massive reversal!

For example – the Emini is sitting right on a measured-move “overshoot” that could easily slingshot higher…

Nasdaq is the same – we’re bearish for sure, but there’s another spike and channel giving us the same easy clues from last night!

Crude Oil is bearish too, but when you see these (3) trading-ranges and the pendulum-swing, you’ll see why I’m so excited for tomorrow…

Don’t miss these trades – grab any of them and take the rest of the week off!

E-Mini S&P (ES):

The Emini is bearish, recently completing a triple measured-move.

Bear have control with a strong run lower, but this small “overshoot” of the measured-move tells us this market may be ripe for a reversal.

Sellers have control, so we can look for shorts off resistance levels just overhead, or breakouts going lower on strength.

Buyers would love to grab a crown reversal or double-bottom reversal going higher.

E-Mini Nasdaq (NQ):

The Nasdaq is bearish with a spike and channel and range.

Sellers have control, but we should expect a deep pullback off these lows because of the spike and channel and pendulum-swing below this range.

Sellers need to stay patient for a deep pullback up into the ‘Battle Zone’ or a strong breakout going lower.

Buyers can grab a reversal off these lows, and trade the “slingshot” reversal if price snaps through range highs.

Crude Oil Futures (CL):

Crude Oil is bearish and we just completed the pendulum-swing.

Sellers have control, but with multiple ranges above us, and major support below us, it’s going to be difficult finding any easy selling opportunities.

Buyers will be looking for a reversal off these lows, along with a potential major reversal back to $105 if momentum really snaps higher.

Sellers need to stay patient.  They can sell a 2-try failure off the high of this channel, or wait to short a reversal off major highs overhead.