This *CPI STOP-RUN* Could Be Biggest Trade of the Week!
More inflation data tomorrow, let’s do this!
Markets are range-bound ahead of PPI News tomorrow morning, and this 2-TRY STOP RUN could easily trigger the biggest trade of the week!
Emini and Nasdaq are bearish into the lows of a weekly range – breakouts are possible, but odds are better for a stop-run reversal!
Crude Oil is bullish with a breakout today, and it’s easy to see why the SMART MONEY will be waiting for a Breakout-pullback tomorrow!
E-Mini S&P (ES):
Emini is bearish and sitting on major support near today’s lows.
Overall trend is bullish, so we assume buyers will be looking for reversals off these lows, while sellers look to sell the bounces.
E-Mini Nasdaq (NQ):
Nasdaq is bearish, but sitting on major lows of the weekly range.
Sellers may have control, but range lows tell us buyers will be looking for reversals off the lows, while sellers try to hold the next pullback.
Crude Oil Futures (CL):
Crude Oil is bullish with a strong run higher, telling us that buyers will be looking for entries using deep pullbacks tomorrow morning.
Knowing this, keep an eye on the high of the previous range because markets love to use them as key support the following