This *EARNINGS TRAP* Could Be the EASIEST Money All Week!!
Great day today, but tomorrow’s gonna be even better!
We just saw the first earnings reports released this afternoon, giving us BIG CLUES going into tomorrow morning…
Buyers seemed to love this afternoon’s earnings, which is great, because this *bull trap* could be the biggest trade of the week!!
Emini and Nasdaq are range-bound, with buyers looking for a breakout – I’m open for a bull breakout, but I’d rather grab this bull trap short instead!
Crude Oil is bearish into a range – I’ll be looking for breakouts down to $80, but I’m hoping for this easy bull trap instead!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with buyers “rotating off the low” of today’s range.
Sellers will be looking for ways to short back into the range, while buyers look for a breakout to new highs.
Keys to Success:
- Bear Bias, Multiple Ranges, Range Rotation
- Bears want to sell resistance above range highs, and breakout to new lows
- Bulls want a breakout above range high, or a reversal off range low
E-Mini S&P (ES):
The Emini is bullish, but this “range inside a range” tells us that sellers will be looking for entries off today’s high, while buyers look for a strong breakout.
Keys to Success:
- Bear bias, range inside range, range rotation
- Bears want to sell resistance above the range, and breakouts lower
- Bulls want a breakout higher, or a reversal off the low
Crude Oil Futures (CL):
Crude Oil is bearish with a strong run lower into a range today, telling us that bears will likely be selling the bounces as we head back to $80.
Keys to Success:
- Bear bias, strong move down, range rotation
- Bears want to sell the bounces off the lows, and breakouts going lower
- Buyers need a VERY Strong reversal at this point.
