This ‘Crown’ Reversal is the Easy Money Trade for Tuesday!

Welcome back, you ready for Tuesday?

Emini and Nasdaq are bullish, and besides buy deep pullbacks off channel lows, the easiest trade might be this crown reversal setting-up overnight…

Crude Oil is bearish – I’d love to sell the next bounce off the high of a new channel, or use this “hidden” breakout pattern on the way lower…

Remember – end of month is Thursday, don’t miss these opportunities to make this your best month yet!

E-Mini S&P (ES):

E-Mini Keys to Success:

The Emini is bullish, finishing the day with a strong spike into the close.

Remember, anytime we see such a big move in one direction, we know the following day will likely go sideways into a range, or give us a deep pullback to attract more buyers at a lower price.

Bulls have control of momentum, and we can assume buyers will be looking for deep pullbacks off the high to get back into this bullish trend.

Sellers have options too.  They can sell a double-top reversal off the highs, along with a 123-Reversal going lower.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bullish and recently completely a pendulum-swing rotation off the lows.

Bulls have control of momentum, and we can assume buyers will be looking for pullback entries after such a strong run higher.

We may also see a new range develop up there, and if so, we know buyers will be looking for entries off support levels just below it.

Sellers have to stay patient, but they can look for a “crown” reversal off these highs, or sell the first pullback after a 123-Reversal pattern going lower.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is bearish, going over $10 lower and finishing the day at the lows.

Bears have control of momentum, and with price finishing firmly below the $105 round number, we can assume the next stop will be $100.

Sellers will be looking for entries on the next deep pullback off these lows, along with selling resistance levels above any new range that develops overnight.

Buyers have to be careful right now.  They can wait for a double-bottom reversal, or buy the first pullback after a 123-Reversal going higher, but they don’t want to force anything with momentum being so strong for the bears.