June 18, 2024
This *BULL TRAP* Could Be a HUGE PAYDAY!
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Wow, charts look great ahead of the holiday!
Markets may be closed tomorrow, but I’ll be looking for this BULL TRAP when we re-open on Thursday morning!
I see (3) clues on the charts tonight – Big move yesterday, shallow pullback today, and a beautiful trading-range…
Put those clues together and we have a recipe for an easy BULL TRAP!
E-Mini S&P (ES):
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- Emini is bullish with buyers trying to complete their pendulum-swing off a shallow pullback this morning.
- We still haven’t seen any deep pullback off this recent BIG MOVE higher, so I’ll be looking for bull traps to short after the holiday tomorrow.
E-Mini Nasdaq (NQ):
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- Nasdaq is bullish overall, but after a big move higher yesterday, and this range today, I’ll be looking for bull traps to sell off the high!