This BULL TRAP BOUNCE Might Be an Easy 15x on OPEX Friday!
OPEX Friday – Here We Come!
Markets are bearish, and the strength of this afternoon’s reversal tells us everyone’s looking for ways to *short the bounces* tomorrow…
But pick your spots wisely – these *bull trap* entries are my favorite!
Emini and Nasdaq are bearish, but the SIZE and LOCATION of the next pullback are going to tell us how to time the best entries…
Crude Oil is bearish, trying to finish a rotation off today’s high – I’d love to see a breakout down to $75, but I wont shy away from a reversal off the highs!
E-Mini S&P (ES):
Emini is bearish with a strong move down, telling us that sellers will be eager to “short the bounces” off today’s low.
Keys to Success:
- Bear Bias, Strong Move, Range Above, Resistance Trend-line
- Up: Sell Buyer failures & reversals
- Down: Sell the bounces, buy double-bottoms
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a strong retest of today’s low, telling us that sellers will be looking for ways to short any decent bounces off today’s low.
Keys to Success:
- Bear Bias, Strong Move, Range Above, Resistance Trend-line
- Up: Sell Buyer failures & reversals
- Down: Sell the bounces, buy double-bottoms
Crude Oil Futures (CL):
Crude Oil is bearish and trying to rotate down off the high of today’s range. Sellers will be looking for breakouts down to $75, or reversals off major highs overhead.
