SHORT SQUEEZE!! This 10x Reversal Could Be BIGGEST Trade of Week!!
One day left, let’s make it count!!
We just got a “short squeeze” into Non-Farm Payrolls, giving us one of my favorite trading opportunities to finish the week – you’ll regret missing this one!!
Emini and Nasdaq are bullish after this afternoon’s squeeze – all this momentum for the bulls gives us an easy “one, two, punch” for tomorrow!
Crude Oil is bearish and sitting on major support – the best shorts will come after a deep pullback, and I’m looking for ways to buy it before it gets there!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a strong run higher, suggesting that buyers will be waiting for opportunities to buy the next deep pullback off channel lows.
Keep in mind – we’re still bearish overall and look for signs of a reversal.
Keys to Success:
- Bear bias, strong move higher, pendulum-swing
- Buyers want a deep pullback to get a retest of this high
- Sellers want a reversal for a move back down.
E-Mini S&P (ES):
The Emini is bullish with a strong “short squeeze” running higher, suggesting that buyers will be looking to buy the next deep pullback around channel lows.
Don’t forget – sellers still have the long-term bias, so look for a double-top reversal back into the range once buyers complete their objectives.
Keys to Success:
- Bear bias, strong move higher, prior range lows
- Buyers want a pullback to channel lows
- Sellers want a reversal
Crude Oil Futures (CL):
Crude Oil is bearish with a spike & wedge pushing lower today, suggesting that sellers will be looking for entries on the next deep pullback off today’s low.
Buyers have options too – they can look for a reversal if the pullback picks up enough momentum going higher.
Keys to Success:
- Bear Bias, Spike & Wedge, Range Rotation, Major Support Below
- Sellers want a deep pullback off the low
- Buyers want a reversal off the low
