This *POP & TRAP* Could Be an Easy 10x on OPEX Friday!!
One day left – let’s do this!!
Sellers have all the momentum after today’s big reversal off the high, telling us these “pop and trap” pullbacks are the best trades to finish the week!
Emini and Nasdaq are bearish with strong runs lower, telling us to “short the pops” tomorrow – careful with the entry though, these “traps” work best!
Crude Oil is bearish after a strong reversal off today’s high – I’m definitely watching for a breakout lower, but this “hidden” channel will make a great “pop and trap” short!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a strong run back to the low of day. Sellers have control, and will be looking to short the bounces and breakouts tomorrow!
Keys to Success:
- Bear Bias, Strong Move Down, Range Rotation
- Bears want breakouts lower, or reversals off the highs
- Bulls want a double-bottom reversal off range lows, or breakout higher
E-Mini S&P (ES):
The Emini is bearish after buyers failed to hold today’s breakout. This strong move down says bears will be selling the next bounce, while looking for a breakout lower.
Keys to Success:
- Bear Bias, Strong Move Retested, Range Rotation
- Bears want a reversal off range high, or a breakout lower.
- Bulls want a double-bottom reversal, or a strong breakout higher.
Crude Oil Futures (CL):
Crude Oil is bearish with a strong rotation off the high of today’s range, telling us that sellers will be looking for shorts on the pullback and breakouts going lower.
Keys to Success:
- Bear Bias, Strong Move Retested, Range Rotation
- Bears want to sell the bounces, and breakouts lower
- Bulls need a strong reversal to prove they want control.
