This *FAILED BREAKOUT* Could Trigger Massive Short Squeeze!
Are you seeing this range breakout?
We’re trading on the lows of the weekly range, and if sellers aren’t careful, they’re gonna trigger a massive squeeze back to range highs – don’t miss it!
Emini and Nasdaq are bearish into ranges, but look wider and you’ll see we’re sitting on the weekly range with sellers already failed twice!!
Crude Oil is bullish with a breakout higher – it’s tempting to look for shorts back into today’s range, but this trend-line tells me “bear traps” are the best trade!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a range, but a failed bear breakout now gives buyers an opportunity to run price back to the highs!
Keys to Success:
- Bear Bias, Strong Move retested, range rotation
- Bears want reversals off major highs, or breakouts lower
- Bulls want a breakout higher, or a reversal off major lows
E-Mini S&P (ES):
The Emini is bearish, but a recent failed breakout now gives buyers the window of opportunity they need to run price higher!
Keys to Success:
- Bear bias, Strong move down, range rotation
- Bears want a breakout lower, or a reversal off the high
- Bulls want a breakout higher, or a reversal off the low
Crude Oil Futures (CL):
Crude Oil is bullish with a strong breakout higher, and with a range below us, we’re hoping sellers will get trapped on this support trend-line so we can buy into their stops!
Keys to Success:
- Bear Bias, Strong Move higher, Range below, Support trend-line
- Bulls want a bear trap pullback, or a breakout
- Bears need a miracle! (or a reversal off the high)
