BULL TRAP BEWARE – This Head-Fake Pullback Might Be EASY MONEY Tomorrow!
The ‘Powell Pump’ is behind us… now what?
Everything’s bullish going into Wednesday, but make sure you watch tonight’s video before you buy the next pullback – it smells like a trap!!
Emini and Nasdaq are bullish with strong moves higher – strong moves suggest another leg higher, but something smells fish on these charts…
Crude Oil is bullish as well, and I’d love to grab some “bear traps” off the low of today’s channel before the Inventory Report comes out tomorrow!
E-Mini S&P (ES):
The Emini is bullish with a strong spike higher, but we’re running into major highs, suggesting we might be “too high to buy” at this point.
Knowing this, I’d like to use “bear traps” for my entries tomorrow, keeping my eyes open for a reversal back to the lows.
Keys to Success:
- Bull Bias, Strong Move, Major Highs
- Up: Buy Breakouts, Sell Reversals
- Down: Buy Bear Traps, Sell Bull Traps
- Sideways: Buy Seller failures below, buy breakouts above
E-Mini Nasdaq (NQ):
Nasdaq is bullish with a strong push higher, suggesting that buyers will be looking for another leg in the same direction – but have we gone too far?
Keys to Success:
- Bull Bias, Strong Move, Major Highs
- Up: Buy Breakouts, Sell Reversals
- Down: Buy Bear Traps, Sell Bull Traps
- Sideways: Buy Seller failures below, buy breakouts above
Crude Oil Futures (CL):
Crude Oil is bullish with a strong move higher, and this afternoon’s trading-range will likely be the perfect area for buyers to grab the next deep pullback.
Keys to Success:
- Bull Bias, Strong Move, Range Breakout, Resistance Above
- Up: Buy Pullbacks, Sell Reversals
- Down: Buy Seller failures, Sell Reversals
- Sideways: Buy Seller failures below, buy breakouts above
