This FAKE-OUT BREAKOUT Could Be BIG MONEY on Tuesday!
Weekend’s over, let’s make some money!
Markets are bullish into ranges ahead of big news tomorrow morning, which makes our plan easy…
Ranges act like magnets, so this *Fake-Out Breakout* is likely where the big money will be made – don’t miss it!
Emini and Nasdaq are both range-bound with a bull bias, so we’re looking for ‘fake-out breakouts’ below the range, or bear-trap breakouts going higher!
The big question is… will tomorrow’s earnings change the plan?
E-Mini S&P (ES):
Emini is bullish into a range, so buyers will be looking for breakouts going higher, or bear traps off support below the range.
Our biggest challenge is resistance overhead – need to see strength thru those highs or sellers will likely look for reversals back into the range again!
E-Mini Nasdaq (NQ):
Nasdaq is bullish and buyers are trying to breakout to new highs.
Overhead resistance tells us that bear traps and breakout-pullbacks will be best after the breakout, while the most desirable entries will be off support levels below the range.
