This PERFECT PULLBACK Could Be Huge PAYDAY on Friday!!
One more day left, let’s make it count!!
Markets are bearish, and everyone’s waiting for the next pullback to get short – luckily, the size of today’s move shows us the “perfect pullback” spot for Friday!
Emini and Nasdaq are bearish – the size of today’s move is a big clue, but this “pendulum-swing” is the real key to finding that next big short!
Crude Oil is bullish, but look closely and you’ll see a “hidden” channel that tells us the buyer failure might be the best trade of the week for Oil!
E-Mini S&P (ES):
The Emini is bearish into a range and price is rotating up off the lows. Today’s strong move lower tells us sellers will be looking for shorts at resistance levels above this range tomorrow morning.
Keys to Success:
- Big Move down today, Pop and grind channel, trading-range
- Sellers want entries off resistance levels above the range
- Buyers want a double-bottom reversal off the lows.
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a strong “pop and grind” move lower, which tells us to look for entries off resistance levels above the channel.
Keys to Success:
- Big move today & “Pop & Grind” Channel
- Sellers want to sell the next deep pullback for a retest of the low
- Buyers want a double-bottom reversal off the lows.
Crude Oil Futures (CL):
Crude Oil is bullish with a strong pop higher, but major resistance overhead combined with a recent bear trend tells us sellers will be looking for ways to short into buyer failures for a run back to the lows tomorrow morning.
Keys to Success:
- Strong pop higher, overhead resistance, major bear channel
- Buyers want a breakout going back up to $120
- Sellers want a buyer failure to short back to lows
