This 10X BEAR TRAP Might Be EASY MONEY into EARNINGS!
Here we go again – back to work!
Markets are bullish after Friday’s massive short squeeze sent prices racing higher – but how many buyers are still interested way up here?
BIG MOVES like these tell us to wait for deep pullbacks, and the easiest way to make money is often a BEAR TRAP, just like this one!
Emini and Nasdaq are bullish, but we’re WAY high up on the chart – I’m open to another breakout higher, but I hope we get this bear trap first!
Crude Oil is bullish, but buyers are struggling to breakout higher – keep your eyes open for this Crown reversal off today’s low, the perfect bear trap!
E-Mini S&P (ES):
The Emini is bullish with a big run higher today. Buyers finally got their deep pullback and now they’re trying to retest the high.
Keys to Success:
- Bull Bias, Big Move Higher, Range Rotation
- Up: Buy the Breakout, Sell the Crown reversal
- Down: Buy the Bear Trap, Sell the Reversal
E-Mini Nasdaq (NQ):
Nasdaq is bullish with buyers trying to get another leg higher above this afternoon’s range.
Keys to Success:
- Bull Bias, Big Move Higher, Range Rotation
- Up: Buy the Breakout, Sell the Crown reversal
- Down: Buy the Bear Trap, Sell the Reversal
Crude Oil Futures (CL):
Crude Oil is bullish and buyers appear to be struggling to push through the highs. Buyers will be looking for bear traps below today’s low, or breakouts above.
Keys to Success:
- Bull Bias, Range Rotation, Resistance Trend-line
- Up: Buy the Breakout, Sell Crown reversal
- Down: Buy Bear Trap, Sell the Breakout
