This BEAR TRAP Could Mean BIG PROFITS Tomorrow!
June starts tomorrow – are you ready?
Markers are bearish going into the close today, but the 60-minute chart tells us this could be the perfect spot for a BEAR TRAP – are you seeing this?
Emini and Nasdaq are bearish in the short-term, but look WIDER on the 60-minute and you’ll see why I’m looking for Bear Traps right now!
Crude Oil is bearish, sitting on 60m support – I’d love to “buy the dips” and “short the rips” tomorrow – here’s my gameplan!
E-Mini S&P (ES):
Emini is bullish into a range, telling us to look for buying opportunities off support levels below the range, and breakouts above it.
Sellers did make a strong move down this morning, but it’s hard to find a good short entry until we see new lows made tomorrow morning.
E-Mini Nasdaq (NQ):
Nasdaq is bearish and three legs down today, sitting on support. Buyers still have control on the 60minute, so we continue looking for buying opportunities using bear traps and reversals.
Crude Oil Futures (CL):
Crude Oil is bearish and trying to retest today’s strong move lower. Buyers will be looking for reversals off that low, while sellers try for a breakout lower.
