May 9, 2024
This *BULL TRAP* Could Make Our ENTIRE WEEK!
What’s going on with these markets?
Emini is trending higher, while Nasdaq is chopped-up and sideways?
This “divergence” after such a BIG MOVE higher this week tells me this Bull Trap could be our biggest win of the week!
E-Mini S&P (ES):
- Emini is bullish with another big move higher today. Buyers will be looking for 2-leg pullbacks tomorrow morning and sellers will look for bull traps on the way lower!
E-Mini Nasdaq (NQ):
- Nasdaq is bullish and stuck inside a range, telling us that buyers will be looking for breakout-pullbacks above the highs, or bear traps below the lows while sellers look for ‘fake-out breakouts above the high!