This *CPI SQUEEZE* Could Be Easy Money on Tuesday!!
Back to work, you ready for CPI tomorrow?
I hope so, because tomorrow’s inflation report could be some of the best trading we get all week… especially my favorite, this *CPI Squeeze*!!
Emini and Nasdaq are bullish and looking for a breakout higher – I have (3) breakout patterns on my radar, but I hope we get this bear trap instead!
Crude Oil is bullish in a range – I’d love to grab a breakout higher, but this head-fake into short squeeze would be a much better trade!!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with buyers attempting a breakout up to $13,000.
We still haven’t seen any meaningful pullback since last Thursday so buyers will be looking for buying opportunities on the next deep pullback off these highs.
Keys to Success:
- Bull Bias, Strong Move Retested, Range with Pendulum-swing
- Bulls want a breakout higher, or a reversal off major lows
- Bears have to be careful, wait for a double-top reversal
E-Mini S&P (ES):
The Emini is bullish, with buyers looking for a breakout running higher to 4200.
Keys to Success:
- Bull Bias, Strong Move retested, Range with pendulum-swing
- Bulls want a breakout higher, or a reversal off major lows
- Bears have to be careful, wait for a double-top reversal
Crude Oil Futures (CL):
Crude Oil is bullish into a range with buyers trying to get a breakout up to $90.
Keys to Success:
- Bull Bias, Range with Pendulum-swing
- Bulls want a breakout, or a reversal off major lows
- Bears want a double-top reversal, or strong reversal lower
