This 15x Reversal Might Be Your BIGGEST Trade of the Week!
Inflation News tomorrow, let’s do this!!
Markets are range-bound ahead of PPI News tomorrow morning, and I’m seeing (2) reasons why this reversal might be one of our best trades of the week!
Emini and Nasdaq are bullish into ranges – I’ll be looking for a ‘fake-out breakout’ to short the highs, but this bullish reversal looks awesome too!
Crude Oil is bearish and sitting on major lows, giving us another chance to grab a bullish reversal before sellers come back in to short the highs!
E-Mini S&P (ES):
The Emini is bullish into a range, and this “failed” pendulum-swing gives bulls a lot of momentum for a breakout higher.
Keys to Success:
- Bear bias, Range Rotation, Major Support Below
- Up: Buyers want breakouts, sellers want reversals off the highs
- Down: Buyers want reversals off the lows, sellers want a breakout lower
- Sideways: sit on hands, wait for a breakout
E-Mini Nasdaq (NQ):
The Nasdaq is bullish into a range, telling us that buyers will be looking for reversals off support below, and breakouts to new highs above.
Keys to Success:
- Bear bias, Bullish Range, Major Support Below
- Up: Buyers want breakouts, sellers want reversals
- Down: Buyers want reversals, sellers want breakouts
- Sideways: sit on hands, wait for a breakout
Crude Oil Futures (CL):
Crude Oil is bearish and just retested yesterday’s low, but this “rotation off the low” of today’s range gives buyers the opportunity for another spike higher.
Keys to Success:
- Bear Bias, Strong Move Down, Range Rotation
- Up: Buyers want breakouts, sellers want reversals off resistance
- Down: Buyers want reversals, sellers want breakouts lower.
- Sideways: sit on hands, wait for a breakout
