This BEAR TRAP REVERSAL Could Be EASIEST MONEY All Week!
Back to work – let’s make some money!
Markets are bullish into ranges this evening, so breakouts are certainly on our radar…
But there’s one big clue on the chart tonight, telling us this *Bear Trap Reversal* might be the easiest trade of the week!
Emini and Nasdaq are bullish into ranges, but this ONE CLUE tells us to be ready for an easy bear trap reversal off today’s low!
Crude Oil is bullish and buyers are trying to complete range rotation – this bear trap will be perfect going higher, but don’t chase it higher… here’s why!
E-Mini S&P (ES):
Emini is bullish into a range, telling us that buyers will be looking for breakouts going higher, or reversals off support levels below it.
E-Mini Nasdaq (NQ):
Nasdaq is bullish into a range, telling us that buyers will be looking for bear traps off support below the range, or breakouts above it.
Crude Oil Futures (CL):
Crude Oil is bullish into a range and buyers are trying to complete a pendulum-swing off the low. Buyers will look for bear traps if we go higher, and double-bottom reversals if we go lower.
