These CPI TRAPS Could Be the BIGGEST Trades of the Week!
CPI tomorrow, let’s do this!!
Markets are bullish ahead of tomorrow’s CPI report, and everyone’s looking for pullbacks…
But have you seen the bigger picture lately? The higher timeframe charts tell us these (2) traps are likely where the BIG MONEY will be made on Tuesday!
Emini and Nasdaq are bullish with strong runs higher today – it’s tempting to get aggressive with moves like these, but I’ll be waiting for these (2) traps instead!
Crude Oil is bullish into a range – I’ll be watching for (3) breakout patterns tomorrow, but let’s hope we get one of these bear traps first!
E-Mini S&P (ES):
Emini is bullish with a strong run higher, telling us that buyers will be eager to buy pullbacks off the low of this wide bull channel.
Don’t count sellers out yet though – the 4hr and 60m charts give us great clues for a potential reversal after tomorrow’s CPI report.
Keys to Success:
- Mixed Bias, Strong Move Retested, Major Resistance above
- Up: Buy Pullbacks, Sell Reversals
- Down: Buy Bear Traps, Sell Reversals
- Sideways: Buy Seller failures below the range
E-Mini Nasdaq (NQ):
Nasdaq is bullish into a range, telling us to look for bear traps at support below the range, or breakouts higher.
Keys to Success:
- Mixed Bias, Bull Range,
- Up: Buy Pullbacks, Sell Reversals
- Down: Buy Bear Traps, Sell Reversal
Crude Oil Futures (CL):
Crude Oil is bullish into a range, telling us to look for breakouts going higher, or bear traps off support levels below us.
