One Trade You Can’t Afford to Miss!

Welcome back – ready for Wednesday?

Both Emini and Nasdaq are bullish, and with this recent snap higher, there’s ONE trade you’ll regret missing tomorrow morning…

Crude Oil is bearish, and if you understand “range rotation” you’ll see there’s ONE trend-line that holds the key to best the entries…

 I’m excited for Wednesday – lots of ranges on the charts tonight, which means plenty of great trades to look forward to tomorrow.  Are you ready?

E-Mini S&P (ES):

E-Mini Keys to Success:

Emini is bullish into a range and buyers just completed their retest of today’s high.

Buyers have control, but getting long at major resistance with a range (magnet) below us isn’t a great idea.

Buyers need to wait for a breakout higher, or they will wait for buying opportunities at support levels below the range.

Sellers can look for shorts off these highs using the 2-Try Rule, and they can look again if we get a 123-Reversal pattern going lower.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bullish and retesting today’s high.

Much like the Emini, the bulls have control, but this resistance area prevents us from looking to get long up here.

Buyers will be wise to wait for a successful 123-breakout pattern, or wait for buying opportunities off support levels below the range.

Sellers have a great opportunity to short off these highs with a buyer failure setup, and they can look to add to their positions with a 123-Reversal going lower.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is bearish after a strong shot lower overnight turned sideways into a range today.

Sellers have control, and will be looking for shorts at resistance levels above the range, as well as breakouts going lower.

Buyers don’t have many options right now.  They’ll need to wait for a successful 123-Reversal going higher, or wait for seller failure setups off support levels below today’s range.