This PUMP & DUMP Might Give us PERFECT 10X ENTRY for Tomorrow!
Woah, what a move today!
Markets were wild today, but this *Pump & Dump* might’ve given us the perfect entry we need for tomorrow – keep this one on your radar!!
Emini and Nasdaq are bearish with a ‘Pop & Grind’ channel – I’d love to short the next bounce, but today’s spike higher tells me this *bull trap* will be key!
Crude Oil is bearish into a range – I’ll be looking for breakouts going lower, but let’s hope we get this “2 Try” Bull Trap first!!
E-Mini S&P (ES):
The Emini is bearish with a ‘Pop & Grind’ channel going lower, telling us that sellers will be looking to short the next decent pullback off today’s low.
Keys to Success:
- Mixed Bias, Strong Move Both Sideways, ‘Pop & Grind’
- Up: Short the 2-try failure off resistance
- Down: short the 2-try trap off resistance
- Sideways: sit on hands and wait for a pullback
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a strong run lower into a ‘Pop & Grind’, telling us that sellers will be looking for shorts off the high of the bear channel.
Keys to Success:
- Mixed Bias, Strong Move Both Sideways, ‘Pop & Grind’
- Up: Short the 2-try failure off resistance
- Down: short the 2-try trap off resistance
- Sideways: sit on hands and wait for a pullback
Crude Oil Futures (CL):
Crude Oil is bearish into a range this afternoon, telling us that sellers will be looking to short the next pullback off resistance levels above the range.
Keys to Success:
- Mixed Bias, Bear Range, Hidden channel
- Up: Sell the 2-try failure off resistance
- Down: Sell the 2-try trap off channel highs
- Sideways: sit on hands and wait for a pullback
