SQUEEZE ALERT! This BEAR TRAP Might Be Biggest Short Squeeze of 2023!!
What a move, what a day!!
Everything’s bearish after today’s massive Bull Trap sent prices racing lower…
Strong moves like these tell us that sellers will be eager to short the next decent pullback, but we’d be foolish not to prepare for (what might be) one of the biggest short squeezes of the year!
Emini and Nasdaq are bearish with strong moves down, and the key to the “easy money” tomorrow will be using “stops as fuel” for our entries!
Crude Oil is bearish too – I’m definitely looking for shorts on the next pullback, but check out this “short into long” squeeze play I’m watching!
E-Mini S&P (ES):
The Emini is bearish with a large move lower today, telling us that sellers will be waiting for a DEEP pullback to allow them to “sell high” tomorrow morning.
Keys to Success:
- Mixed Bull Bias, Strong Move, BIG move
- Up: Sell Buyer failures, Buy Reversals
- Down: Buy Crown reversal, Sell Range Breakout
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a big move down into a range, telling us that sellers will be looking for entries off resistance levels above the range.
Keys to Success:
- Mixed Bull Bias, Big Move Down, Range Rotation
- Up: Sell Buyer failures, Buy Reversals
- Down: Buy Crown Reversal (or) Seller Failure
Crude Oil Futures (CL):
Crude Oil is bearish with a strong run lower today, telling us that sellers will be looking for shorts off the high of the channel, while buyers find ways to grab a reversal!
Keys to Success:
- Mixed Bull Bias, Strong Move Down,
- Up: Sell Buyer failures, Buy Reversals
- Down: Buy Crown Reversal, Sell Range Breakout
