This *BULL TRAP BREAKOUT* Could Be Biggest Trade of Week!!
One more day, let’s make it count!!
Markets are range-bound ahead of major news overnight – I’d love to grab a reversal off the high, but my favorite trade is this bull trap breakout!
Emini and Nasdaq are bullish into a range – I’m definitely open to buying breakouts, but watch closely, because this “bull trap breakout” could be the best trade of the week!
Crude Oil is bearish with price reversing off today’s high – we have major energy news overnight, so I’ll be looking for a breakout – keep this “pop and grind” channel on your radar for the best entries!!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish and trading into resistance above today’s range. Sellers will be look for reversals off the high, while buyers wait for a breakout higher.
Keys to Success:
- Bear Bias, Trading-range, Rollover Reminder
- Buyers want a breakout higher, or a reversal off range lows
- Sellers want a reversal off the highs, or a breakout lower.
E-Mini S&P (ES):
The Emini is bullish and trying to breakout above today’s range. Buyers will be looking to trade that breakout, while sellers look for a reversal off the highs.
Keys to Success:
- Bear Bias, Trading-range, Contract Rollover
- Bulls want a breakout to new highs, or a reversal off range lows
- Sellers want a reversal off the highs, or a breakout thru the lows
Crude Oil Futures (CL):
Crude Oil is bullish into a range, but this “rotation off the high” gives sellers just enough momentum for a run back to the lows.
Keys to Success:
- Bear Bias, Trading-range, Rotation off the high
- Bears want a breakout lower, or a reversal off the highs
- Buyers want a reversal off the lows, or a breakout higher
