These *2 BEAR TRAPS* Could Make Your Entire WEEK!
Wow, what a move today!!
Buyers in full control of these markets right now, and we have (2) key trades on our radar for tomorrow – bull breakouts, and my favorite, bear traps!!
Emini and Nasdaq are bullish and retesting weekly highs – buyers have all the momentum at their back, and I’ll be looking for these (2) bear traps for entries tomorrow!
Crude Oil is bullish into a range – I’m definitely looking for bear traps around today’s lows, but I won’t hesitate if I see one of these (4) breakout patterns!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a strong run higher, telling us that pullbacks and breakouts will be on everyone’s radar tomorrow.
Keys to Success:
- Bear Bias, Strong Move higher, Hidden range?
- Bulls want breakouts higher, pullbacks lower, and reversals off major lows
- Bears want a reversal off the high, beware selling as it goes lower!
E-Mini S&P (ES):
The Emini is bullish with a strong run higher, but we’re back to major highs, so it’s either breakouts higher, or bear traps lower!
Keys to Success:
- Bear Bias, Strong Move higher, One big range?
- Bulls want a breakout higher, or bear traps lower
- Bears want a double-top reversal, beware selling as it goes lower
Crude Oil Futures (CL):
Crude Oil is bullish into a range after today’s massive OPEC production cut, telling us that buyers will be looking for breakouts and bear traps for entries tomorrow!
Keys to Success:
- Bull Bias, Narrow range, bull channel
- Bulls want breakouts higher, or bear traps lower
- Bears want a double-top reversal, beware selling it lower
