January 25, 2024
These *RANGE REVERSALS* Could Be EASY MONEY on Friday!!
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Great work today, let’s do it again!
Markets are range-bound going into big inflation news tomorrow…
Ranges love to *rotate* up and down like a pendulum, and I’m looking for 2 key reversal patterns tomorrow!
Emini and Nasdaq are both range-bound with a bullish bias, and I’d love to grab some bear traps and reversals off these levels tomorrow!
E-Mini S&P (ES):
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- Emini is bullish and buyers are trying to punch thru recent highs into another breakout-pullback… but it smells like we’re developing a larger range so buy low, sell high, and trade the rotation!
E-Mini Nasdaq (NQ):
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- Nasdaq is bullish overall, but a strong move down suggests sellers will be looking for another leg lower before buyers get a chance to buy it back up again.