BREAKOUT ALERT!! This ‘Bear Trap’ Could Be an Easy 10x Payday!!
This range breakout might be the easiest trade of the week, and this “stop run” could make hitting your targets even easier!
Emini and Nasdaq are bullish with a range breakout – I’ll be looking to “trap in the bears” for an explosive move higher, but don’t forget the failure if it signals!!
Crude Oil is bearish into a range, but are you seeing this new “pop and grind” channel that just formed? That changes everything!!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish after a strong breakout higher this afternoon, but it’s not easy to find good buying opportunities with major resistance overhead and a range below us.
Keys to Success:
- Trading-range, Strong breakout higher, resistance overhead
- Buyers want a retest of today’s high, along with breakouts higher
- Sellers want a reversal off this major resistance
E-Mini S&P (ES):
The Emini is bullish with a strong breakout higher, but we need to see if buyers can hold this with major resistance overhead and a range below us.
Keys to Success:
- Trading-range, Strong breakout higher, resistance overhead
- Buyers want a retest of today’s high, along with breakouts higher
- Sellers want a reversal off this major resistance
Crude Oil Futures (CL):
Crude Oil is bullish with a pop and grind channel trying to go back to $100 tomorrow morning, but this recent bearish range might be too strong of a magnet!
Keys to Success:
- Bearish into a range, pop and grind channel, $100 magnet above
- Buyers want a trap off new channel low, or a breakout higher
- Sellers want a reversal back $95 lows
