TRAP ALERT!! This *BEAR TRAP* Could Easily 15x Tomorrow!!
What a move, what a day!!!
Markets spiked higher after today’s CPI Report, and since we never got that DEEP pullback today… you better be ready for this “bear trap” tomorrow!
Emini and Nasdaq are bullish and I’m watching for a breakout tomorrow, but I want this “bear trap pullback” even more!!
Crude Oil is bullish with a strong spike higher, but I have (3) reasons why sellers will be looking for a reversal back to $90 tomorrow morning!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish into a range, telling us that buyers will be looking for entries at support levels below the range, along with breakouts going higher.
Keys to Success:
- Bull Bias, Range rotation off the low, Spike and channel
- Buyers want a breakout higher, or deep pullback below range
- Sellers want a major reversal off today’s high.
E-Mini S&P (ES):
The Emini is bullish and buyers are trying to breakout of today’s range.
Keys to Success:
- Bull Bias, Spike and channel, Range Rotation off the low
- Buyers want a breakout higher, or a deep pullback to range lows.
- Sellers need a reversal off the high
Crude Oil Futures (CL):
Crude Oil is bullish with a strong “pendulum-swing” running higher. Buyers will look for breakouts higher, but sellers are looking for a reversal!
Keys to Success:
- Bear Bias, Range rotation off the low, Pendulum-swing!
- Buyers want a breakout higher
- Sellers want a reversal back to the range!
