BLOODBATH!! (3) Ways to Make Money on this Collapse!
What a move, what a DAY!!
Markets collapsed this afternoon into the close, setting us up for some incredible opportunities on Friday…
Big moves like these can be tricky, so keep your eyes on these (3) key setups to finish the week in the green!
Emini and Nasdaq ran lower this afternoon, telling us that sellers will be looking to short the bounces – but watch the moving-average closely, because that’ll be your biggest clue for the best entry!
Crude Oil is bullish into a range, and we’re at the perfect spot to get long – but what this trend-line because it’s the key to the best entry!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a big move lower this afternoon, telling us that sellers will be looking to short the bounces, while buyers look for a double-bottom reversal!
Keys to Success:
- Big move down, prior lows, hidden channel
- Bears want to sell the big bounces off the low
- Bulls want a double-bottom reversal
E-Mini S&P (ES):
The Emini is bearish after a massive selloff this afternoon. Big moves like these tell us that sellers will be waiting to sell into bounces at key resistance overhead.
Keys to Success:
- Big Move Down, Range Breakout, Expanding triangle
- Bears want to sell off key resistance overhead
- Bulls want a pop and grind reversal!
Crude Oil Futures (CL):
Crude Oil is bullish into a range, telling us that buyers will be looking for entries off support below the range, along with breakouts higher!
Keys to Success:
- Bull range, resistance trend-line , hidden channel
- Bulls want seller failures below the range, or breakouts above
- Bears need a strong move lower that can HOLD a reversal!
