This SLINGSHOT REVERSAL Could Be BIGGEST Trade of the Month!
FOMC behind us, let’s make some money!
Emini and Nasdaq are bearish after today’s reversal, but we’re still bullish overall, and sitting on major 60min support…
I’d love to buy a reversal, but this bearish strength tells there’s one pattern perfect to get long – a Slingshot Reversal!
Emini and Nasdaq are bearish with strong moves down – I’ll be looking for a pullback and a retest of the low, then a Slingshot Reversal!
Crude Oil is bullish and just completed a major target – sellers will be looking for a reversal back into the range, and I have (3) three patterns on my radar!
E-Mini S&P (ES):
Emini is bearish after a strong breakout lower, but we’re sitting on the low of a large 60minute bull channel, telling us to look for bullish reversals back into the range above.
Keys to Success:
- Bull Bias, Strong Move, Range Above
- Up: Sell Bull Traps, Buy ‘Pop & Grind’ Traps
- Down: Buy Crown reversal, Buy Double-bottom
- Sideways: Bullish Slingshot Reversal
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a strong breakout below today’s range, but we’re looking for bullish reversals because we’re still overall bullish on the 60minute.
Keys to Success:
- Bull Bias, Strong Move, Range Breakout
- Up: Sell Bull Traps, Buy ‘Pop & Grind’ Traps
- Down: Buy Crown reversal, Buy Double-bottom
- Sideways: Slingshot reversal!
Crude Oil Futures (CL):
Crude Oil is bullish and just completed a pendulum-swing rotation off last week’s low, telling us that sellers will be looking for a reversal back into the range below us.
Keys to Success:
- Mixed Bias, Range Rotation
- Up: Buy Bear Traps, Sell Crown reversals & DTs
- Down: Sell Crown reversal, sell ‘Pop & Grind’ channel, Buy Bear Traps
- Sideways: Buy Seller failures below new range
