This PERFECT PULLBACK Could Be BIGGEST Trade of the Week!
Big day tomorrow – you ready?
Markets are bearish after today’s Fed Testimony, and I’d love to short some bounces tomorrow morning…
Momentum is the key variable for entry – the moving-average will give us the signal, and it could easily be the biggest trade of the week!
Emini and Nasdaq are bearish, but careful on the entry – this momentum setup will be the key to the *perfect pullback*…
Crude Oil is bullish and I’m waiting for a deep pullback, and today’s range tells us this Crown reversal could be an easy short on the way lower!
E-Mini S&P (ES):
Emini is bearish with buyers rotating up off the low of today’s range, telling us that sellers will be looking for shorts off resistance levels overhead, along with breakouts going lower.
Keys to Success:
- Mixed Bias, Strong Move, Range Rotation, Channel
- Up: Sell Buyer failures & Double-tops
- Down: Sell Bull Traps & Breakouts
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a strong rotation off the low of today’s range.
Sellers will be looking for entries off resistance above the range, or breakouts going lower on strength.
Keys to Success:
- Bull Bias, Strong Move, Rotation Higher, Bear Channel
- Up: Sell Buyer failures & Double-tops
- Down: Sell Bull Traps & Breakouts
Crude Oil Futures (CL):
Crude Oil is bullish with a big move higher, telling us that buyers will be waiting to buy a DEEP pullback tomorrow morning.
Knowing market is a bit overbought, sellers will look for Crown reversals and bull traps off the high as well.
Keys to Success:
- Bull Bias, Big Move Higher, Range Rotation
- Up: Sell Crown reversal, Buy Deep Pullbacks
- Down: Buy Seller failures, Sell Bull Traps & Reversals
