October 17, 2023

These *FAKE-OUT BREAKOUTS* Could Earn BIG PROFITS Tomorrow!



Back to work!  Let’s make some money!

Markets made wild swings back and forth today, which is an easy clue for an experienced trader…

Smells like a range is developing overnight, which means these *Fake-out Breakouts* are likely where the easy money will be tomorrow!

Emini and Nasdaq are both bullish overall, but developing into a range in the short-term…

Ranges act like magnets, so the plan is to “trade the edges” using these 2 simple entry patterns – don’t miss them!



E-Mini S&P (ES):

Emini is bullish into a trading-range, telling us that buyers will be looking for bear traps to buy support below the range, along with breakout-pullbacks going higher.


E-Mini Nasdaq (NQ):

Nasdaq is range-bound ahead of major earnings tomorrow, and the bullish overall bias tells us to look for seller failures to buy off range lows, and breakout-pullbacks going higher.



    schooloftrade

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