This *BULL TRAP BREAKOUT* Could Be EASY MONEY on Tuesday!!
Here we go again – big week ahead!!
Everything is bullish going into some of the biggest earnings reports of the year, which means buyers are looking for breakouts…
But not so fast! We’re trading at the high of today’s range, which means this “bull trap” breakout could be one of the best trades of the week!!
Emini and Nasdaq are both range-bound with a bull bias. Yea, we definitely have breakouts on our radar, but there’s a lot bigger reward if they fail!!
Crude Oil is bullish with buyers looking for a pendulum-swing going higher. Buyers have a ton of opportunity for a breakout right now, but there’s ONE THING that keeps me looking for this failure off the high!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish, but we’re testing major resistance above today’s range, telling us that sellers go on the attack if buyers start to fail!
Keys to Success:
- Bull Bias, Strong Move Higher, Range Rotation
- Bears want a reversal off the highs
- Bulls want a breakout to new highs, or a reversal off the low
E-Mini S&P (ES):
The Emini is bullish, but with buyers completing their pendulum-swing, it’s safe to assume they need a firm breakout higher, or sellers will be looking for shorts back into the range tomorrow!
Keys to Success:
- Bull bias, Strong Move Retested, Range Rotation, Support trend-line
- Bears want a reversal off the high, and entries back to the lows
- Bulls want a breakout higher, or a reversal off the lows
Crude Oil Futures (CL):
Crude Oil is bullish with price trying to rotate off the lows of today’s range, telling us that buyers are looking for a breakout higher, while sellers are watching for failures off the high if they fail!
Keys to Success:
- Bear Bias, Strong Move Higher, Range Rotation, Support trend-line
- Bears want a reversal off the high, or a breakout lower.
- Bulls want a breakout higher, or a reversal off the low
