PULLBACK ALERT! Could this “Perfect” Pullback be your next 15x Winner?!
Great to be back, let’s get to work!!
Markets made some big moves today, which means everyone’s waiting for the next pullback.
But don’t force it – wait for this “perfect” pullback spot, it could be one of the biggest trades of the week!
Emini and Nasdaq are bullish with strong moves higher today – but where’s the best pullback entry? Ask yourself… “Where can I trap in the sellers?”
Crude Oil is bearish into a range – I’ll be looking to short the “pendulum-swing”, but I’d rather grab this “slingshot reversal” back to 105 instead!!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a strong move higher, telling us that buyers will be looking for entries on the next pullback off today’s high.
Keys to Success:
- Strong run higher for bulls will want to retest the high.
- Buyers want pullback entries around channel lows
- Sellers want a double-top reversal after the retest of the high
E-Mini S&P (ES):
The Emini is bullish with a strong run higher this afternoon, telling us that buyers will be looking for entries on the next deep pullback.
Keys to Success:
- Strong move higher says expect a pullback and retest of highs
- Buyers want to buy pullbacks off channel lows
- Sellers want a double-top reversal after buyers get their retest
Crude Oil Futures (CL):
Crude Oil is bearish with a large ($14) move down today, telling us that sellers will be looking for entries on a DEEP pullback off today’s low.
Today’s range, however, tells us that buyers may get a pendulum-swing reversal that turns that deep pullback into a much bigger move higher!
Keys to Success:
- Big move down & range rotation off the low
- Buyers want a pendulum-swing reversal higher, or a double-bottom reversal off today’s low
- Sellers want a short off the pendulum-swing or a breakout lower
