This *BULL TRAP BREAKOUT* Could Be an Easy 10x on Non-Farm Friday!!
One day left, let’s make it count!
Sellers have control going into Non-Farm Friday, and this afternoon’s range tells us that “breakouts and bull-traps” are the key to success tomorrow!
Emini and Nasdaq are bearish into ranges – I have (3) breakouts on my radar, but I’m hoping for this “bull trap breakout” instead!!
Crude Oil is bearish into a range too – sellers have a great chance for a break lower to $85, but watch this “bull trap” off the weekly highs too!
E-Mini Nasdaq (NQ):
The Emini is bearish with a strong run lower, and this bullish range in the middle of the chart tells us to look for breakouts and ‘fake-out breakouts’ tomorrow!
Keys to Success:
- Strong move down, Bullish range
- Bears want breakouts lower, and reversals off the high
- Bulls want a reversal off the low, or a breakout to new highs
E-Mini S&P (ES):
The Nasdaq is bearish into a range, telling us to look for bull traps up above, and breakouts down below!
Keys to Success:
- Bear bias, Strong Move down, Bear Range
- Bears want to sell buyer failures at resistance overhead, or breakouts below.
- Bulls want a reversal off the low, or a breakout higher
Crude Oil Futures (CL):
Crude Oil is bearish into a range with sellers looking for a pendulum-swing breakout going lower.
Keys to Success:
- Weekly Range, Bearish range rotation
- Bears want a breakout lower, or shorts off resistance overhead
- Bulls want a reversal higher, but not easy!
