Pullback Alert!! This 15x Pullback Could Be Huge!
What a move, what a day!!
Emini and Nasdaq both made big moves down today – I have two pullback zones on my radar, and one of them could be an easy 15x tomorrow!
Emini and Nasdaq are bearish, and the SIZE of today’s move tells us to be ready to one of two specific setups – one of them could make your entire week!
Crude Oil is bullish, but did you see tonight’s chart? Buyers definitely have control, but you’re gonna regret missing this crown reversal!!
E-Mini S&P (ES):
Emini Runaway says “range or deep pullback” tomorrow!
The Emini is bearish with a large move lower today, suggesting that tomorrow may bring either a sideways range or a deep pullback to attract more sellers into this market.
Sellers will be looking for entries off resistance levels waiting above, keeping an eye out for a range and selling into bull breakouts.
Buyers have to be careful right now because this momentum is so strong. It would be wise to wait for a double-bottom before trying to trade the reversal, or just wait for momentum to change after a 123-Reversal going higher.
Keys to Success:
- Large move down usually means we go sideways or deep pullback
- Sellers want to sell bounces off these lows
- Buyers must stay patient for the proper reversal
- Open space below us for a bear breakout to 4100 round number.
E-Mini Nasdaq (NQ):
Nasdaq collapses with another big move lower!
Nasdaq is bearish with a massive run lower today, suggesting that tomorrow may go sideways or give us a deep pullback to attract more bears into the market.
Sellers want to sell off resistance levels above us, or resistance levels above a new trading-range tomorrow morning.
Buyers need to stay patient, ideally for a double-bottom reversal or 123-Reversal pattern.
Keys to Success:
- Big move lower usually turns sideways, or gives deep pullback
- Sellers want to sell the bounces or sell above a new range
- Buyers stay patient for a reversal
- Plenty of open space below us on the way to 12420.
Crude Oil Futures (CL):
Crude Oil rises, but can buyers hold this?
Crude Oil is bullish and trading back at last Friday’s closing price, along with the bottom of the massive range from earlier this month.
Buyers have control, but this falling resistance trend-line will make it difficult to buy pullbacks right now. Buyers will be wise to wait for a range or a breakout to look for pullbacks after.
Sellers have more options right now. They can sell a double-top reversal, along with a pop and grind going lower.
Keys to Success:
- Bullish into major resistance, possible breakout pullback off large range.
- Buyers need proof we go thru this area
- Sellers want a reversal off these highs
- Breakout is wide open for the bulls on the way to $105.
