BREAKOUT ALERT!! This *Earnings* Breakout Could Easily 10x Tomorrow!!
Welcome back, let’s get to work!!
Markets are range-bound going into FOMC later this week, but that won’t stop us from finding some profitable trades on Tuesday…
Like this range breakout – this one has 10x written all over it!!!
Emini and Nasdaq are range-bound with a hint of bearishness – but dont tell the buyers that because they have a great “slingshot breakout” setting up!!
Crude Oil is bullish into a range – I’m looking for (2) breakout patterns blasting higher, but I’ll gladly take this “pop and grind” reversal instead!!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a range – sellers are looking for entries at resistance above the range, while buyers will be looking for a breakout going higher!
Keys to Success:
- Strong Move Retested, Bearish Range, Rotation off the low
- Buyers want a breakout higher, or double-bottom reversal off lows
- Sellers want entries off channel highs, or breakouts lower on strength.
E-Mini S&P (ES):
The Emini is trading sideways inside a range – ranges are magnets, so we’re buying low, selling high, and focused on failures back into the range until we see a breakout.
Keys to Success:
- Trading-range acts like magnet, rotation off the low
- Buyers want a breakout higher, or a double-bottom reversal
- Sellers want shorts off resistance above, or strong breakouts below
Crude Oil Futures (CL):
Crude Oil is bullish into a range – buyers will look for entries off support below the range, and breakouts going higher!
Keys to Success:
- Bullish Range, Buyers already retested their STRONG move.
- Buyers want breakouts higher, or pullbacks to support below the range
- Sellers need a strong reversal off range high
- Watch for a run back to today’s low, then reversal back into the range above!
