RUN THE STOPS!! These (2) BEAR TRAPS Could Be EASY MONEY on Friday!
One day left, let’s finish it strong!
Everything’s bullish going into Friday, and we have (2) big reasons why *running stops* with bear traps will be the key to making the easy money tomorrow!
Emini and Nasdaq are bullish with strong moves higher – I’m open to a breakout pullback, but using “stops as fuel” will likely be the easier money tomorrow!
Crude Oil is bullish into a range – I have (3) breakout setups I’m watching, but I hope we get this ‘fake-out breakout’ bear trap first!
E-Mini S&P (ES):
Emini is bullish with a strong run higher, but we haven’t officially broken free of today’s range, so buyers will focus on bear traps for the best entries until we see a strong breakout higher.
Keys to Success:
- Bull Bias, Range Rotation, Major Resistance
- Up: Buy Pullbacks, Sell Double-tops
- Down: Buy Bear Traps, Sell Bull Traps
E-Mini Nasdaq (NQ):
Nasdaq is bullish with a strong run higher, but we can assume sellers will try dragging price back into the range, so bear traps will be our entry until we see a clear breakout higher.
Keys to Success:
- Bull Bias, Range Rotation, Major Resistance
- Up: Buy Pullbacks, Sell Double-tops
- Down: Buy Bear Traps, Sell Bull Traps
Crude Oil Futures (CL):
Crude Oil is bullish into a range, telling us that buyers will be looking for breakouts going higher, or bear traps going lower.
Keys to Success:
- Bull Bias, Range Rotation, Bull Channel?
- Up: Buy Breakouts, Sell Double-tops
- Down: Buy Bear Traps, Sell Breakouts
