These TWO TRAPS are the Key to Making Money on Wednesday!
End of the month, let’s do this!!
Markets are range-bound going into the last day of November, which means Breakout TRAPS are likely where the EASY MONEY’s gonna be tomorrow!
Emini and Nasdaq are bearish into ranges – I’m definitely looking for breakouts going lower, but let’s hope we get this BULL TRAP first!!
Crude Oil is bullish into a range – buyers will be looking for breakouts going higher, but I’ll be watching for a BULL TRAP if they fail off the highs!
E-Mini S&P (ES):
The Emini is bearish, but sellers appear to be struggling around the pendulum-swing support, telling us to expect a rotation back to range highs.
Keys to Success:
- Range, pendulum-swing, strong move down
- Bears want a reversal off the high, or a breakout lower
- Bulls want a reversal off the low, or a breakout higher
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a range, telling us that sellers will be looking for entries off resistance levels above, or breakouts below.
Keys to Success:
- Strong move down, bearish range, support trend-line
- Bears want entries off resistance above, or breakouts below
- Bulls want a reversal off the low, or a strong breakout higher
Crude Oil Futures (CL):
Crude Oil is bullish, with buyers trying to complete a pendulum-swing back up to the highs, where it’s safe to assume sellers will be looking for reversals back down again.
Keys to Success:
- Bull range, rotation off the low, strong move down
- Bears want a reversal off major highs, or a breakout lower
- Bulls want a breakout higher, or a reversal off major lows
