Take Advantage of ‘Hidden Traps’ on Friday

The party isn’t over yet – we’re heading into the end of the month tomorrow morning, which means anything is possible…

The markets were wild today, with big moves in both directions, which will have a lot of trading searching for answers on Friday morning…

Their confusion is our opportunity to catch traders on the wrong side of momentum and use their stops as fuel for our trades…

There are lots of hidden traps on the charts tonight, and I want to make sure you’re ready to take advantage of them.

Wild session sends with buyers trading sideways on top of the 4200 round number.
Buyers will look for entries at support levels below the range, or breakouts to new highs.
Sellers need to take control of momentum, and even if they do, they will likely be met with more buyers near the lows of today’s range.

Best Trades for Tomorrow:

The trading-range continues to act like a magnet on the Nasdaq with a strong move up, a ‘pendulum swing’ back down, and we finish a wild session right back where the day began – wow!
Buyers have momentum coming off the lows, so they’ll be looking for buy setups below the range at support levels, such as the bull channel.
Sellers don’t have any momentum so they need to take control with a reversal.

Best Trades for Tomorrow:

Bears took control early in the session with a strong measured-move going lower, but they couldn’t hold control into the close, giving buyers the momentum with a 123-Reversal off the moving-average.
Buyers would love to ride this reversal back into the weekly range (magnet) in the middle of the chart.
Sellers do have a lot of momentum on that recent move lower, but they’ll need the buyers to try and fail a few times before they can get short going back to the lows.

Best Trades for Tomorrow: