These 10X REVERSALS Could Make Your Entire MONTH!
Last day of May, let’s make it count!
Markets are range-bound going into tomorrow’s “Debt Ceiling” Vote, which means REVERSALS are likely where the BIG MONEY will be made!
Emini and Nasdaq are bearish into ranges – I’d love to grab a reversal off major highs, but don’t forget this BEAR TRAP REVERSAL if we punch lower!
Crude Oil is bearish with a strong move lower, but look closely, and you’ll see why this RANGE REVERSAL might be the biggest trade of the week!
E-Mini S&P (ES):
Emini is bullish overall, running into major resistance on the 60-minute, and bearish into a range in the short-term.
Knowing this, we can expect buyers to look for ways to buy as low as possible off support levels below the range, while sellers look for reversals off the highs overhead.
E-Mini Nasdaq (NQ):
Nasdaq is bullish overall, but bearish into a range, which tells us that buyers will be looking for reversals off support below the range, while sellers look for bull traps to short off resistance above it.
Crude Oil Futures (CL):
Crude Oil is bearish with a ‘Pop & Grind’ channel, telling us that sellers will be looking for short off channel highs, while buyers try to pick bottoms with crown reversals.
