These FAKE OUT BREAKOUTS Could Easily 10X on Tuesday!
Back to work, short week ahead!
Markets are bullish going into this Holiday week, and you know everyone’s looking for another breakout ripping higher…
But when you look at tonight’s charts, you might agree these FAKE OUT Breakouts could be much easier money on Tuesday!
Emini and Nasdaq are bullish – I’m open to a breakout going higher, but I’ll be watching for these FAKE OUT Breakouts off the highs and lows as well!
Crude Oil is bullish into a range, and today’s BIG GAP UP tells us exactly where to find the best entries and exits tomorrow. Are you seeing these too?
E-Mini S&P (ES):
Emini is bullish with a rotation off the low of today’s range. Buyers will be looking for breakouts higher, or bear traps off support levels below the range.
Keys to Success:
- Bull Bias, Range Rotation
- Up: Buy Traps & Deep Pullbacks
- Down: Sell Bull Traps, Buy Seller failures
E-Mini Nasdaq (NQ):
Nasdaq is bullish and just completed its rotation off the low of today’s range. Buyers will be looking for a strong breakout through today’s highs, while sellers look for a reversal back down into the range below.
Keys to Success:
- Bull Bias, Strong Move Higher, Range Rotation
- Up: Buy Breakouts, Sell Bull Trap Reversals
- Down: Sell Bull Traps, Buy Reversals off the low
Crude Oil Futures (CL):
Crude Oil is bullish with a big move higher after OPEC’s production cuts.
Buyers would love to get long after a deep pullback off these highs, avoiding the temptation to chase the market higher until we see a convincing breakout.
Keys to Success:
- Bull Bias, Big Move Higher, Directional Range
- Up: Buy Breakouts, Sell Reversal off the high
- Down: Buy Bear Traps & Double-bottoms
