This CPI REVERSAL Could Easily 10X on Retail Sales Tomorrow!
Wow, what a day – back to work!
Bulls have control, looking for breakouts going higher – but there’s ONE BIG CLUE telling me this REVERSAL might be the biggest winner on Wednesday!
Emini and Nasdaq are bullish, and this “correlation clue” tips me off to where the best entries might be tomorrow morning!
Crude Oil is bearish in the short term, but this weekly range above us tells us to look for bear-trap reversal off these (2) key support levels tomorrow!
E-Mini S&P (ES):
Emini is slightly bearish as buyers appear to be struggling to complete their rotation off today’s lows.
Buyers will have the overall direction bias, so we can expect buyers to look for reversals off major lows, and breakouts going higher.
Keys to Success:
- Bull Bias, Range Rotation, Nasdaq Correlation
- Up: Buy Traps & Breakouts, Sell Double-tops
- Down: Buy Reversals, Sell Breakouts
E-Mini Nasdaq (NQ):
Nasdaq is bullish and trading at the high of today’s range, telling us that buyers will be looking for breakouts higher, or reversals off support levels below the range.
Keys to Success:
- Bull Bias, Range Rotation
- Up: Buy Breakouts, Sell Double-tops
- Down: Buy Reversals, Sell Breakouts
Crude Oil Futures (CL):
Crude Oil is bullish and trying to rotate up off today’s low, we may have to wait for a retest of this low before we get any decent buying opportunities.
Keys to Success:
- Rollover, Bull Bias, Strong Move, Range Rotation
- Up: Buy Traps and Breakouts, Sell Double-tops
- Down: Buy Reversals, Sell Breakouts
