This BULL TRAP Could Make Your Entire WEEK!!
Great trading today – let’s find some more!!
Markets are bullish right now, but it’s hard to justify buying into major resistance with a trading-range (magnet) below…
So until buyers can show us “proof”… I’m looking for bull traps!
Emini and Nasdaq are bullish, but there are (2) important clues on the charts, telling us to look for BULL TRAPS until we confirm the 60min reversal!
E-Mini S&P (ES):
Emini is bullish, but it’s hard to get long when you have major resistance above and a trading-range below.
Sellers will be looking for bull traps to sell up here, while buyers try to push thru the highs tomorrow morning.
E-Mini Nasdaq (NQ):
Nasdaq is bullish, but it’s hard to considering buying into major resistance with a trading-range below us right now.
Buyers will be looking for breakouts higher, but it’s safe to assume sellers will be looking for reversals into a pendulum-swing off the highs tomorrow morning.
