Reversal Alert!! This Short Squeeze Could Be Huge!!
Wow, tomorrow’s lookin’ great!!
Today’s big selloff gave the bears just enough to rope to hang themselves – now buyers have them trapped and ready for a massive squeeze higher!
Emini and Nasdaq started the day bearish, but a recent change in momentum gives buyers the biggest opportunity of the week!!
Crude Oil is bullish too – the pendulum-swing just held, now all we need is one of my breakout patterns to let it rip!!
Don’t forget – this weekend’s Holiday means there’s not much time left to get your week in green – don’t miss these trades!
E-Mini S&P (ES):
The Emini is bullish and hunting for a retest of yesterday’s, but today’s high appears to be holding as resistance.
Keys to Success:
- Today’s big GAP down sent price below range lows and buyers picked it up for a run back to the highs.
- Buyers want breakouts going higher, or pullbacks off channel lows.
- Sellers want reversals off yesterday’s high, or a breakout going lower.
E-Mini Nasdaq (NQ):
The Nasdaq is bullish into a range, but still overall bearish after last night’s big gap down.
Keys to Success:
- Buyers haven’t been able to take control of momentum as yesterday’s low keeps acting as major resistance.
- Buyers want a breakout going higher, or a pullback to channel lows.
- Sellers want a reversal off the highs, and a strong run back to retest today’s low.
Crude Oil Futures (CL):
Crude Oil is slightly bullish into a trading-range with buyers trying to make a rotation back to retest today’s high.
Keys to Success:
- Buyers held the new range’s pendulum-swing and are now looking for a run back up to retest today’s high.
- Buyers want a breakout going higher, or buy setup around today’s low.
- Sellers want a reversal off today’s high, or a breakout going lower.