REVERSAL ALERT!! This ‘Bull Trap’ Could Be Huge Payday!!!
Back to work – you ready for Tuesday?
Markets are bearish going into Tuesday, and I’ll bet there are plenty of buyers still chasing that move higher from last Friday – perfect recipe for a bull trap…
Don’t miss this one, it could be the biggest trade of the week!
Emini and Nasdaq are bearish into ranges – I’m looking for traps to sell off the high, but keep these (4) breakout patterns on your radar too!
Crude Oil is bullish, but with major resistance above, and multiple ranges below us, the best percentage trades are running stops of the bulls!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with price rotating higher off the lows. Sellers will be looking to short resistance levels above the range, such as the hidden channel.
Keys to Success:
- Bearish range rotation off lows, Hidden channel, wide open below!
- Sellers want entries off resistance above the range
- Buyers don’t have many options; they need a breakout higher on strength
E-Mini S&P (ES):
The Emini is bearish into a range, telling us that sellers will be looking for shorts off resistance levels above the range, along with breakouts going lower.
Keys to Success:
- Bearish into a range, wide open space below!
- Sellers want entries off resistance above the range, or breakouts below
- Buyers need a strong breakout going higher
Crude Oil Futures (CL):
Crude Oil is bullish, but we’re trading into major resistance with a range below us. Buyers need a breakout on strength, or sellers will short this back into the range!
Keys to Success:
- Bullish Range, major resistance overhead, new range near the highs?
- Buyers need a breakout, hard to trust the next pullback
- Sellers want entries going back into the range below
