PULLBACK ALERT!! This *Bull Trap* Could 15x on Wednesday!
Woah – what a move today!!
Sellers came roaring back with BIG MOVES down today, leaving us easy clues to where the best “bull trap” pullbacks are gonna be tomorrow!
Emini and Nasdaq are bearish into ranges today, and this “pendulum-swing” pullback could be the east 15x you’ve made all month!!
Crude Oil is bearish with a BIG move down today – big moves can be tricky, but this “hidden” channel tells us exactly where the best shorts will likely be tomorrow!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a strong move lower into a range, suggesting that sellers will be looking for entries up around the pendulum-swing resistance zone above.
Keys to Success:
- Strong Bear Bias, Trading-range, Rotation off the low
- Sellers want entries at resistance above the range, or breakouts it.
- Buyers want a double-bottom reversal
- What would a breakout look like? Could it snap back?
E-Mini S&P (ES):
The Emini made a strong run lower into a range this morning, now sellers will be waiting for opportunities to “sell high” at resistance above the range.
Keys to Success:
- Bear Bias, Strong Move Retested, Range Rotation off the low
- Sellers want entries above the range, or breakouts below it
- Buyers want a double-bottom reversal
Crude Oil Futures (CL):
Crude Oil is bearish with a strong, LARGE move lower today, suggesting that sellers will be waiting patiently for a DEEP pullback to sell into tomorrow morning.
Keys to Success:
- Bear Bias, Large, Strong Move lower
- Sellers want a deep pullback to sell into, or a breakout lower
- Buyers want a double-bottom reversal off the lows
