This *BULL TRAP BOUNCE* Could Be Easiest Trade All Week!!
Wow, tomorrow’s looking great!
Today’s big reversal just gave sellers all the momentum they need to run price lower tomorrow – but don’t tell the buyers, because this “bull trap bounce” might be the easiest trade all week!!
Emini and Nasdaq sellers are trying to complete a pendulum-swing after they failed off today’s high – I’m watching for breakouts going lower, but my favorite trade is this “bull trap bounce”!
Crude Oil is bullish with a slow grind higher – I’m open to a pullback, but these charts are telling me to keep my eyes open for this reversal instead!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a “pop and grind” move lower, telling us that sellers will be looking to short the bounces, or breakouts going lower.
Keys to Success:
- Bear Bias, Range rotation, Pop and Grind, Resistance trend-line
- Bears want to short the next bounce, or breakout lower.
- Bulls need a small miracle!
E-Mini S&P (ES):
The Emini is bullish with sellers trying to complete a massive pendulum-swing off today’s range high.
Keys to Success:
- Bull Bias, Strong move higher, range rotation, support trend-line
- Bears want entries on the next pullback, or breakouts going lower.
- Bulls want a reversal, but it won’t be easy!
Crude Oil Futures (CL):
Crude Oil is bullish with a large run higher into what appears to be a range.
Buyers will be looking for pullback entries, while sellers look for that pullback to turn into a reversal!
Keys to Success:
- Mixed Bias, Big Move Higher, Possible Range?
- Bears want a reversal off these highs
- Bulls want pullbacks and breakouts
- What would a breakout look like?
