This *BULL TRAP* Could Make Your Entire WEEK!!
One day left, let’s make it count!!
Everything’s bullish going into Friday, but with stacks of resistance above us, and ranges below us, it’s easy to see why this *bull trap* is my favorite!!
Emini and Nasdaq are bullish into ranges – I’m def open to a bull breakout, but I’ll be watching for bulls to fail so we can short it back into the range!
Crude Oil is bullish too, but are you seeing this pendulum-swing top? I hope so, because that’s the key to finding the best entries on Friday!!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish into a range – today’s range was completely “inside” yesterday’s range, so best strategy is to buy low and sell high around the edges of the range.
Keys to Success:
- Inside Day, 2 ranges on the chart.
- Buyers need a strong breakout thru major highs
- Sellers want shorts off resistance above this range
E-Mini S&P (ES):
The Emini is bullish into a range – today was a bearish “outside day” which means sellers will be looking for entries off major resistance above this range.
Keys to Success:
- Bearish “Outside Day”, 2 ranges on Chart
- Buyers need a strong breakout thru major highs
- Sellers want shorts off resistance above this range
Crude Oil Futures (CL):
Crude Oil is bullish and trying to retest yesterday’s high – the range below acts like a magnet, so buyers need a breakout or sellers will take price back down into the range.
Keys to Success:
- Rollover Tomorrow, Strong Move Higher, Trading-range
- Buyers want a breakout up to $100
- Sellers want a reversal back to range below
