This *FAKE OUT BREAKOUT* Could Easily 10x Tomorrow!!
Lots of ranges on the charts tonight – my favorite!
Markets are stuck in ranges right now, and with big moves over the last couple days, this ‘Fake-Out Breakout’ could be the biggest winner of the week!
Emini and Nasdaq are bearish into ranges – I’m def looking for shorts above range highs, but this bearish ‘fake-out breakout’ could be a bigger winner!!
Crude Oil is bullish into a range – the SIZE of today’s move (and the range itself) are two easy clues, telling us where to look for entries tomorrow!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a trading-range, telling us that sellers will be looking for entries using buyer failures above, or breakouts below.
Keys to Success:
- Bearish into a range, rotation off the high
- Sellers want a breakout lower, or buyer failure higher
- Buyers want seller failures to buy low, or a breakout higher.
E-Mini S&P (ES):
The Emini is bearish and trading sideways inside a range. Sellers are looking for breakouts going lower, or shorts off resistance above the range.
Keys to Success:
- Bearish into a range, rotation off the high
- Sellers want breakouts lower, or buyer failures above the highs
- Buyers want a reversal off the lows, or a breakout higher
Crude Oil Futures (CL):
Crude Oil is bullish with a large move higher today, telling us that buyers will be looking for DEEP pullbacks to buy at cheaper prices tomorrow.
Keys to Success:
- Bull bias, big move higher, narrow trading-range
- Buyers want a deep pullback, or a breakout
- Sellers want a double-top reversal
