This *BULL TRAP PULLBACK* Could Be Easy 10x on Wednesday!!
Oh boy, here we go again!!
Bears are back in control with a BIG move down today, telling us to look for (3) possible pullback entries tomorrow – my favorite is this “bull trap” pullback!
Emini and Nasdaq both made large moves lower today, telling us the best setups tomorrow will be “trapping in the bulls” for another leg lower.
Crude Oil is bullish with price rotating up off today’s low. I’d love to grab a bear trap on the next pullback, but I’ll settle for one of these breakouts higher!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a large move lower, telling us that sellers will be waiting to sell into the next deep pullback at higher prices tomorrow.
Keys to Success:
- Bear Bias, Strong Move, Big Move lower
- Bears want a deep pullback to sell as high as possible
- Buyers want a double-bottom reversal
E-Mini S&P (ES):
The Emini is bearish with a strong, large move lower today. The size of this move tells us sellers will wait patiently for a chance to sell at a higher price tomorrow.
Keys to Success:
- Bear Bias, Strong Move, Big Move lower
- Bears want a deep pullback to sell as high as possible
- Buyers want a double-bottom reversal
Crude Oil Futures (CL):
Crude Oil is bullish with price rotating off the low of today’s range, looking for a pendulum-swing target up around $90 tomorrow morning.
Keys to Success:
- Rollover Reminder, Mixed Bias, Range rotation off the low
- Bulls want a breakout higher, or reversal off the low
- Bears want a breakout lower, or a reversal off the high
