This *PERFECT PULLBACK* Could Easily 15x Tomorrow!!
Another big day tomorrow – let’s do this!!
Everything is bullish going into the close today, but the strength of this recent pullback gives sellers a golden opportunity for a reversal…
Can buyers trap the sellers for a squeeze back higher? Or will the bears get their reversal? Either way – keep this “perfect” pullback on your radar!
Emini and Nasdaq made strong runs higher today, but they finished with DEEP pullbacks off the high, giving bears the opportunity for a reversal – the key is watching the moving-average, then find this “perfect” pullback for entry!
Crude Oil is bullish at the high of a weekly range, making it tough to trust a breakout – I’d rather wait to “trap in the bears” off range lows for an easy squeeze back higher!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish and buyers are in a perfect spot to buy the pullback, but the strength of this move lower tells us sellers may be in store for a reversal!
Keys to Success:
- Bull Bias, Strong Move lower, pendulum-swing, lots of support
- Bears want to hold the pullback for a reversal
- Bulls want to trap in bears for a run back to the highs
E-Mini S&P (ES):
The Emini is bullish, but today’s BIG MOVE higher tells us to expect a deep pullback before buyers get back in for a retest of today’s high.
Keys to Success:
- Bull bias, big move higher, Spike and channel
- Bulls want to trap in bears for a retest of the high
- Bears want to hold the next pullback for a reversal
Crude Oil Futures (CL):
Crude Oil is range-bound for the week, so the gameplan is simple – buying low, selling high, and focusing on failures!
Keys to Success:
- Weekly Range, Strong Move higher
- Bears want a reversal off the high, and a breakout to the low
- Bulls want a breakout higher, or a seller failure off the lows
