STOP RUN!! Running Stops Could Give 10x Gains on Thursday!!
What a move, what a day!!
Bulls have control after a wild session today, but sellers just stepped-in trying to take it back! “Transitional markets” like these tell us one thing – the biggest profits will be running stops!!
Emini and Nasdaq are bullish into a range – I’m definitely watching for a breakout going lower, but I’d love to run their stops for an easy short squeeze higher!
Crude Oil is bullish into a range – sellers are trying to take control off the highs, but this “hidden channel” might give us a huge stop run!!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish, but with a strong move higher that hasn’t been retested and a range above us, sellers need to show a little more proof before we can start selling with confidence.
Keys to Success:
- Strong Bull Move, Sellers Haven’t Taken Control, Trading-range
- Buyers want a seller failure back to retest the highs
- Sellers want a breakout lower for a retest of today’s low.
E-Mini S&P (ES):
The Emini is bullish into a range and buyers will be looking for seller failures to run back to retest the highs. Sellers need to hold this breakout!
Keys to Success:
- Bullish into a range, but sellers have a chance to grab control!
- Buyers want a seller failure back to the highs
- Sellers want a breakout going back to the lows.
Crude Oil Futures (CL):
Crude Oil is bullish after a strong pendulum-swing reversal off today’s low, but sellers are holding off yesterday’s low and trying to run back down to retest today’s low.
Keys to Success:
- Bearish range, pendulum-swing reversal, prior day low resistance
- Buyers want seller failures off channel and range lows
- Sellers need to hold this move lower and sell new channel highs
