This CORRELATION REVERSAL Could Be the BIGGEST Trade of the Week!!
Love these markets right now, wow!
Everything’s bullish going into Wednesday, but this *CORRELATION* clue tells me this range reversal might be one of the best trades of the week!
Emini and Nasdaq are bullish, and I have (2) range reversals on my radar for tomorrow. Are you seeing this correlation btw?
Crude Oil is bearish, but I see (3) reasons why this range reversal might end up being the biggest trade of the week!!
E-Mini S&P (ES):
Emini is bullish with buyers still trying to retest yesterday’s major highs, but multiple ranges below tell us sellers will be looking for reversals back to last week’s close!
Keys to Success:
- Bull Bias, two ranges, major highs overhead
- Up: Sell Bull Traps, Buy Breakouts
- Down: Sell Reversals, Buy DB Bear Traps
E-Mini Nasdaq (NQ):
Nasdaq is bullish, but we just retest yesterday’s high, and sellers would love to go back into the range below us if buyers fail to hold a breakout!
Keys to Success:
- Bull Bias, Trading-ranges, Yesterday’s high
- Up: Buy Breakouts, Sell Reversals
- Down: Sell Reversals, Buy Bear Traps
Crude Oil Futures (CL):
Crude Oil is bearish with a strong 3-legged move lower, running right into major support levels below.
Sellers will be looking for another leg lower, while buyers look for reversals back up into the range.
Keys to Success:
- Bull Bias, Strong Move Down, Major Lows, 3 legs down
- Up: Sell Buyer failures, Buy Crown reversal
- Down: Buy the Reversal, Sell the Breakout
