This *CROWN REVERSAL* Could Be a HUGE Friday Payday!!
One more day – let’s make it count!!
Tomorrow’s the end of July, and everyone’s waiting to buy the next DEEP pullback – but the smart money’s watching for this crown reversal too – don’t miss it!!
Emini and Nasdaq blasted higher into the close this afternoon, telling us to look for another round of deep pullbacks tomorrow – but after 2 consecutive days going higher, you know sellers are looking for this crown reversal too!!
Crude Oil is bearish into a range – I’m looking for shorts above this range, but the easier money might be trading these reversals coming off the low!!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a large, strong move higher into major resistance overhead. We know that buyers will be looking for a DEEP pullback and a retest of the high, but sellers will certainly be looking for ways to short this pop.
Keys to Success:
- What’s the most important thing affecting this market?
- Buyers are waiting for a deep pullback to buy more
- Sellers want a double-top or “crown reversal” short
E-Mini S&P (ES):
The Emini is bullish with a strong move higher today, suggesting that buyers will be looking for DEEP pullbacks to buy more tomorrow.
We can also assume sellers will see such “high prices” as a good opportunity to sell!
Keys to Success:
- Strong, Large Move higher into Measured-move resistance
- Buyers want a deep pullback off the highs
- Sellers want a reversal off these highs!
Crude Oil Futures (CL):
Crude Oil is bearish into a range, telling us that sellers will be looking for shorts off resistance levels above the range tomorrow morning.
Buyers have a chance to grab a pendulum-swing reversal, but they’ll need to show some STRENGTH through the pendulum-swing
Keys to Success:
- Strong move already retested, rotation off the low, hidden channel
- Sellers want entries at resistance above the range
- Buyers want a pendulum-swing reversal
