PULLBACK ALERT!! This 15x Pullback is All You Need!!
What a day…what a move!!
Markets tumbled lower this afternoon, telling us we have (3) pullback trades setting-up for on Friday – one of them could make your entire week!
Emini and Nasdaq are bearish with big moves lower today – I’m looking for pullbacks to short, but it all depends on how DEEP we go!
Crude Oil is bearish into a range – I’d love to sell yesterday’s high, but I’ll settle for either of these (2) breakouts too!!
Friday’s usually give us great opportunities – you’ll regret missing these!!
E-Mini S&P (ES):
The Nasdaq is bearish with a strong move lower today, reminding us that sellers will be waiting for opportunities to sell into the next deep pullback for a retest of the lows.
Keys to Success:
- Strong move lower for the bears
- Sellers want to “sell high” at resistance levels overhead
- Buyers want a double-bottom reversal
E-Mini Nasdaq (NQ):
The Emini is bearish with a strong spike lower this afternoon.
Strong moves like these tell us that sellers will be looking for ways to “sell the bounces” for another leg lower. Buyers should resist reversals until they do.
Keys to Success:
- Strong, large move lower today
- Sellers want to sell the bounces
- Buyers want a double-bottom reversal.
Crude Oil Futures (CL):
Crude Oil is bearish into a range, telling us that sellers will be looking for shorts off resistance above the highs, along with breakouts going lower.
Keys to Success:
- Bearish into a range, but still overall bullish!
- Sellers want entries off the highs, or breakouts going lower.
- Buyers need a strong breakout to new highs (no easy longs!)
