This *BEAR TRAP* Could Be Your BIGGEST TRADE of the Week!!
Excited for tomorrow, you should be too!
Markets tumbled lower this afternoon, but there’s something about this reversal that smells like a BEAR TRAP!
Keep these (3) reversal setups on your radar tomorrow – this could be your biggest trade of the week!
Emini and Nasdaq are bearish after a big drop this afternoon, but I see (2) reasons why this is likely just a bear trap – don’t sell short until you watch!
Crude Oil is bullish and trying to punch thru overhead resistance – I’m watching for a Crown Reversal, and (3) breakout patterns tomorrow!
E-Mini S&P (ES):
Emini is bearish into a range, but it’s hard to tell if today’s move lower is a breakout-pullback of last week’s range, or a full-blown reversal!
E-Mini Nasdaq (NQ):
Nasdaq is bearish into a range after today’s breakout lower, but we’re sitting on major trend-line support on the 60m telling us this might be nothing more than a pullback in the overall bullish trend.
Crude Oil Futures (CL):
Crude Oil is bullish and trying to break thru major resistance overhead. Buyers will be looking for breakouts, while sellers look for reversals off the high.
