This Head-Fake Pullback Could be a Huge Payday!

Man, I’m excited for tomorrow!

Why?  Because we have (2) breakouts and a pullback trade setting-up on the Emini and Nasdaq right now…

But my favorite is definitely this “head fake” pullback on Crude Oil – lots of people gonna be fooled on this one, don’t be one of them!

End of month is on Thursday, let’s keep pushing and finish it big!

E-Mini S&P (ES):

E-Mini Keys to Success:

The Emini is bullish and we’re trading right at today’s high.

Bulls took price higher overnight with a strong run higher, but those higher prices were rejected at the open and price pulled back sharply before buyers came back into the market and ran price back up to retest those overnight highs.

At this point, we know the buyers have control, but we need to wait for more information.

Buyers have control, so they can buy a 123-breakout or they can wait for another deep pullback and buy a seller failure pattern off the major low.

Sellers need to stay patient, but they can look for a crown reversal to sell off these highs, or they can use a 123-Reversal and sell the first pullback.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bullish and trading into major resistance just above today’s range.

Bulls have control, but it’s best to wait for more information before we commit to anything at this point.

Buyers can buy a breakout going higher, or they can wait for a deep pullback and buy into a seller failure off support levels below today’s range.

Sellers have to stay patient with such strong bull momentum, but they can sell a double-top reversal with the right signal or a 123-Reversal going lower on strength.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is bullish after sellers tested $100, took profit, and gave the buyers a 123-Reversal pattern going higher.

Buyers have control, but don’t forget about that strong run lower in the overnight session.  Strong moves love to get retested the following day, so we need to keep that in mind tomorrow morning.

Buyers can look for entries off the ‘Battle Zones’ below the channel and at the low of day.  They can also look for entries off the low of a new channel if they head higher to the next “round number” at $110.

Sellers have options, but they need to stay patient.  They can sell off the ‘Battle Zone’ resistance above using a 2-try failure, or they can sell a breakout going lower ahead of a retest of today’s low.