This BEAR TRAP BREAKOUT Could Be Easy Money on Tuesday!!

Weekend’s over – back to work we go!

Markets are bearish going into the close today, but there are (2) two big reasons why this might be the perfect *BEAR TRAP* to make some easy profit tomorrow – here’s why!

Emini and Nasdaq are bearish with strong moves lower, but we have a range above us, and major support below – the perfect recipe for a bear trap!

Crude Oil is bearish with a strong move lower – sellers definitely have potential to keep this grinding lower, but if they struggle, this Crown Reversal could be an easy winner!

E-Mini S&P (ES):

• The Emini is bearish with a strong move lower to finish today’s session, but we’re sitting at support below today’s range, telling us that buyers will be looking for a move back into the range above us!
• Keys to Success:
• Big move last week, Range Rotation, Bear channel
• Bears want a breakout lower, or reversal off the high
• Bulls want a run back up into the range, and a breakout higher
• Beware the breakout lower, it could snap back up into the range!

E-Mini Nasdaq (NQ):

• The Nasdaq is bearish with a strong move down off the high, but the range above us , combined with a strong move for the buyers, tells us that price will likely end up back into the range.
• Keys to Success:
• Big move last week, Range Rotation, Strong Move(s)
• Bulls want a reversal back up into the range, or a breakout higher
• Bears want a breakout lower, or a reversal off range highs
• Beware the breakout going lower because we assume buyers are waiting!

Crude Oil Futures (CL):

• Crude Oil is bearish with a strong run lower today, but we’re sitting on last week’s major low with a RANGE above us! 
• Sellers need to hold this pullback, or price will likely snap back up into the range above us!
• Keys to Success:
• Big Move Down Last week, strong move lower, range magnet
• Bears want a breakout below 84.70 support, or a reversal off major resistance overhead
• Bulls want a reversal back up into the range, or a breakout higher