These (2) BULL TRAPS Could Make Your Entire WEEK!!
One day left, let’s make it count!
Markets are range-bound, telling us to continue “trading the rotation” tomorrow morning…
And with buyers rotating back to range highs, these BULL TRAPS could be some of the best trades of the week!
Emini and Nasdaq are bullish and rotating higher – I’m open to a breakout, but I’ll be looking for BULL TRAP REVERSALS until they show us proof!
Crude Oil is bearish after today’s break down, and I’ll be looking for BULL TRAPS and Buyer failures on the next Breakout-Pullback!
E-Mini S&P (ES):
Emini is range-bound and rotating higher off the lows, telling us to look for shorts off the high using buyer failures and reversal setups.
Furthermore, sellers will likely go on the attack if buyers fail to complete their rotation, telling us to look for breakouts going lower.
E-Mini Nasdaq (NQ):
Nasdaq is bullish with a wedge, telling us that sellers will be looking for bull traps to sell off the highs, while buyers try to force a breakout.
Crude Oil Futures (CL):
Crude Oil is bearish after a successful breakout lower, telling us that sellers will be looking for breakout-pullbacks off the weekly range as we make our back down to the range around $68 below us.
