This “Hidden” Range Holds the Key to Profits

Something smells “fishy” on these charts tonight…

Both the Emini and Nasdaq are bearish going into Wednesday, but the way we finished the day tells me something’s not right…

Feels like there’s a “hidden” range on this chart for tomorrow, and that holds the key to finding the best entries and targets – let me show you…

Crude Oil is easy – sellers are looking for ways to “trade the turn” off the highs of today’s trading-range, and I have some awesome trades to look for…

Don’t touch these markets until you watch tonight’s video – your trade account will thank you!

E-Mini S&P (ES):

E-Mini Keys to Success:

• Bulls ran price higher to complete the “double-up” target we mentioned in last night’s newsletter before reversing off the high with a strong move going lower.
• Sellers have all the control with an open-loop acting as a price-magnet just below us, but the way this market is struggling to retest recent lows suggests that we have a range going into tomorrow’s session.
• Sellers will be looking for shorts at resistance levels above the range, along with breakouts going lower.
• Buyers need to be careful because we have a lot of bear momentum right now.  We need a 123-Reversal of momentum to get bulls back in control again.

Best Trades for Tomorrow: 

• UP – sell the buyer failure above the range (or) buy the 123-Reversal
• DOWN – sell the 123-breakout (or) buy the seller failure off range lows.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Price raced higher to start today’s session, but a 123-Reversal off the highs gave bears control and they’re currently trying to retest today’s low.
• Sellers will be looking for breakout trades going lower, or shorts at resistance around the highs.
• Buyers need to stay patient for a 123-Reversal to get momentum back on their side.

Best Trades for Tomorrow: 

• UP – buy the 123-Reversal (or) sell the buyer failure
• DOWN – sell the 123-breakout (or)

Crude Oil Futures (CL):

Crude Oil Keys to Success:

• We began inside a range today with sellers failing to take it lower and buyers complete a pendulum-swing rotation back to the highs.
• Buyers have control of momentum at this point, but it doesn’t look like they’ve broken free of this range yet.
• Sellers would love to short a breakout-pullback using this support trend-line as resistance for entry, or sell traps as the market rotates lower.
• Buyers have to prove they have control right here, and they’ll need to get a strong breakout higher to get people on board.

Best Trades for Tomorrow: 

• UP – buy the 123-breakout (or) sell the buyer failure
• DOWN – sell the breakout-pullback & sell the 2-try trap