These TWO TRAPS Could Be EASY MONEY on Thursday! (URGENT)
Ranges Everywhere – My Favorite!!
Markets are range-bound, giving us plenty of ways to make money on Thursday…
But out of all the setups on my radar, these (2) Traps are too good to miss!
Emini and Nasdaq are bearish into ranges, and this “rotation off the high” tells us exactly how to make money using traps!
Crude Oil is bearish and grinding lower – I’m looking to short the pops, and these (2) clues tell us how to time the perfect entry!
E-Mini S&P (ES):
Emini is bearish into a range, sitting on major support at 3912.50.
Sellers will look for shorts above the highs, or breakouts below, while buyers look for reversals off the low, or breakouts above.
Keys to Success:
- Bear bias, Range rotation, Major support below
- Up: Sell buyer failures, buy bull breakouts
- Down: Buy seller failures, sell bear breakouts
- Sideways: sit on hands to avoid the range, wait for a breakout
E-Mini Nasdaq (NQ):
The Nasdaq is bearish and trading sideways on yesterday’s low.
Sellers will look for breakouts going lower, or buyer failures to sell above the range.
Buyers want a reversal off the lows, or a breakout higher on strength.
Keys to Success:
- Rollover reminder, bear bias, range rotation, major support
- Up: Buy bull breakouts, sell buyer failures back into the range
- Down: sell bear breakouts, buy seller failures back up into the range
- Sideways: sit on hands to avoid the range, wait for a breakout
Crude Oil Futures (CL):
Crude Oil is bearish into a range, sitting right on today’s low.
Sellers are looking for shorts off resistance above or breakouts below, while buyers look for reversals going higher.
Keys to Success:
- Bear bias, strong move retested, range rotation, bear channels
- Up: buy the bull breakout, sell the buyer failure off resistance
- Down: buy the seller failure back into the range, sell the bear breakout
- Sideways: sit on hands, wait for a breakout
