June 18, 2024
This *BULL TRAP* Could Be a HUGE PAYDAY!
![Wednesday-2](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.sidewaysmarkets.com/wp-content/uploads/2024/06/Wednesday-2.png)
Wow, charts look great ahead of the holiday!
Markets may be closed tomorrow, but I’ll be looking for this BULL TRAP when we re-open on Thursday morning!
I see (3) clues on the charts tonight – Big move yesterday, shallow pullback today, and a beautiful trading-range…
Put those clues together and we have a recipe for an easy BULL TRAP!
E-Mini S&P (ES):
![](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img,w_1024,h_599/https://www.sidewaysmarkets.com/wp-content/uploads/2024/06/EMINI-9-1024x599.png)
- Emini is bullish with buyers trying to complete their pendulum-swing off a shallow pullback this morning.
- We still haven’t seen any deep pullback off this recent BIG MOVE higher, so I’ll be looking for bull traps to short after the holiday tomorrow.
E-Mini Nasdaq (NQ):
![](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img,w_1024,h_599/https://www.sidewaysmarkets.com/wp-content/uploads/2024/06/NASDAQ-9-1024x599.png)
- Nasdaq is bullish overall, but after a big move higher yesterday, and this range today, I’ll be looking for bull traps to sell off the high!