This 10x Trade’s Gonna Make Friday Way Too Easy!
One more day left, are you ready?
Fridays are usually a smaller window of trading opportunity, so we need to pick our spots wisely…
Lucky for us, these charts tonight make it easy to see where the best trades are going to be on Friday…
Whether you’re trading Emini, Nasdaq, or Crude Oil – these 10x trades are worth waiting for tomorrow morning!
E-Mini S&P (ES):
E-Mini Keys to Success:
The Emini is bullish as buyers try to breakout of today’s trading-range.
Bulls have control, but it’s not easy to find any decent buying opportunities right now because of the range (magnet) below us, and the major highs just above us.
Sellers would love to short into buyer failures going back into this range, or wait for shorts off major highs with a reversal pattern.
Buyers can look for “2-try traps” on the way up to the highs, then look for 123-breakouts going even higher.
E-Mini Nasdaq (NQ):
Nasdaq Keys to Success:
Nasdaq is bearish and we’re trading up at resistance levels just above today’s trading-range.
With bears in control, we know sellers will be looking for shorts going back to range lows, along with breakouts going lower.
If price push higher overnight, we know buyers will be looking for buying opportunities up to the major highs above us, followed by sellers trying to short reversals off the highs.
Don’t forget about contract rollover – we should be rolling forward to the 06-22 contract tomorrow morning.
Crude Oil Futures (CL):
Crude Oil Keys to Success:
Crude Oil is bearish and trying to complete a pendulum-swing going back to the low of yesterday’s big move down.
Sellers have control, but they need to be careful around these lows. They can look for shorts off resistance levels above this range, and they can look for a breakout going down to $100.
Buyers can look for reversals off the major lows at 103.64, along with strong bounces off the “breakout zone” down around $100.
If price reverses higher, buyers can also look for a 123-Reversal and buy the first pullback off the new channel low.
Keep in mind – we’re still watching the situation in Ukraine closely, prepared to sit on hands if we see any new headlines that affect oil.