TRAP ALERT!! This *BEAR TRAP* Could Be Easiest Money All Week!!
Woah, what a move today!!
Markets reversed and ran higher all day today – big moves like these tell me that “traps” are gonna be the best trades tomorrow, but pick your spots wisely!!
Emini and Nasdaq are bullish after today’s runaway reversal – everyone’s looking for pullbacks, but the secret is using “stops as fuel” with bear traps!
Crude Oil is bearish with a strong move too! I’m looking for shorts off the belly of the weekly range, but don’t be surprised if this reversal squeezes us higher!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a large, strong move higher today. Moves like these tell us to expect buyers wait for a deep pullback for a retest of today’s high.
Keys to Success:
- Bull Bias, Strong Move Higher, Big Move Higher
- Buyers want a deep pullback to get in at lower prices
- Sellers want a double-top reversal
E-Mini S&P (ES):
Just like the Nasdaq, the Emini is bullish with a strong move higher today, suggesting that buyers will be waiting for entries on the next deep pullback.
Keys to Success:
- Bull bias, strong move higher, big move higher
- Buyers want a deep pullback to buy more
- Sellers want a strong reversal off these highs.
Crude Oil Futures (CL):
Crude Oil is bearish with a strong move lower, suggesting that sellers will be looking for entries on the next bounce higher.
We can also see the pendulum-swing from yesterday’s trading-range is still in play, telling us to keep an eye out for a reversal back up into the range.
Keys to Success:
- Strong Move Down, Pendulum-swing
- Sellers want entries off resistance overhead, or breakouts going lower
- Buyers want a reversal back up in the range
