This *FAILED BREAKOUT* Could Trigger Massive Short Squeeze!!
Welcome back – let’s find some winners!
Markets are range-bound going into Tuesday, and these *Failed Breakouts* have the potential to 10x before lunch begins tomorrow – don’t miss ‘em!!
Emini and Nasdaq are bullish into ranges – I’ll be looking for bull breakouts, but my favorite is this failed breakout off the lows!
Crude Oil is bearish into a range, but this “rotation off the low” has me looking for a massive short squeeze tomorrow morning!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish into a range today, telling us that buyers will be looking for entries at support levels below the range, along with breakouts higher!
Keys to Success:
- Range with rotation off high, Medium Term Bullish, Major Support below
- Buyers want breakouts higher, or entries off support below the range
- Sellers want a STRONG break lower that HOLDS!
- Watch for a bear breakout that fails and runs back up into the range!
E-Mini S&P (ES):
The Emini is bullish into a range which tells us to look for bull breakouts going higher, or entries off support levels below today’s range.
Keys to Success:
- Bullish overall, range rotation off the low, major support below
- Buyers want bull breakouts, or buy support below the range
- Sellers need a strong breakout that holds the pullback
- Bear breakouts can easily fail and snap back up into the range!
Crude Oil Futures (CL):
Crude Oil is bearish into a range, but rotation off the low combined with a big range above us is beginning to smell like a short squeeze!
Keys to Success:
- Bear range, rotation off the low, range above
- Buyers want a breakout higher, or entries off support below the range
- Sellers need a breakout lower, difficult to sell above this range.
