Squeeze Alert!! This ‘Bear Trap’ Could 15x on Friday!!
Last day of the week, let’s make it count!
Eminis are still bearish, but a range on today’s chart gives us the perfect spot to look for a short squeeze on Friday…
Crude Oil is bullish and looking for pullbacks, but there’s one price level you need to watch closely on Friday…
Both the Emini and Nasdaq have ranges tonight – we know bears are still hunting for a retest of today’s low, and when they do, you better be ready for the squeeze!
Crude Oil made a strong push higher today – I’m definitely looking for a pullback entry, but there’s something about this chart that says “be careful”…
E-Mini S&P (ES):
The Emini is bearish and trading sideways with a range, telling us to buy low and sell high using failure patterns until we see a breakout.
Keys to Success:
- Range market, sell high, buy low, look for breakouts
- Buyers want to buy support below the range, or breakouts higher
- Sellers want to sell high, or sell breakouts going lower.
E-Mini Nasdaq (NQ):
The Nasdaq is bullish into a range, telling us to buy low and sell high with failures while looking for breakouts.
Keys to Success:
- Bullish into a range, buy low sell high with failure, look for a breakout
- Buyers want to buy support levels below the range, or breakouts above
- Sellers want to sell resistance above the range, or breakouts lower.
Crude Oil Futures (CL):
Crude Oil is bullish with a strong run higher, telling us to expect a retest of this high at some point tomorrow. It’s also a rather large move today, suggesting we may go sideways around this $110 round number.
Keys to Success:
- Big Move, Strong Move, beware the hidden range!
- Buyers want to buy the pullback
- Sellers want to sell a reversal
