This RANGE REVERSAL Could Be an Easy 10x Tomorrow!!
Great day today – let’s prep for tomorrow!
Markets were wild today, and it might seem difficult to find good trades for tomorrow – but don’t worry, tonight’s gameplan’s will make tomorrow easy!
Emini and Nasdaq have (2) ranges on the charts tonight, giving us an EASY clue to where the best reversal trades are gonna be tomorrow!
Crude Oil is bullish after a strong pop higher, but with major resistance above, and a range below, this reversal trade is my favorite for Wednesday!
E-Mini S&P (ES):
The Emini is bearish after this morning’s bullish breakout turned into a massive reversal into the closing bell.
The biggest clue are these two ranges, suggesting the best strategy for tomorrow is to trade breakouts and FAILED breakouts.
Keys to Success:
- Multiple Ranges, Strong Move Lower
- Bears want a breakout lower, or a reversal off the high
- Bulls want a breakout higher, or a reversal off the lows
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a strong run lower before bouncing higher into a range to finish the day.
Think of this chart like one big range. Sellers will be trying for a breakout lower, or a reversal off the high.
Keys to Success:
- Multiple ranges, strong move lower.
- Bears want a breakout lower, or a reversal off the highs
- Bulls want a breakout higher, or a reversal off the low
Crude Oil Futures (CL):
Crude Oil is bullish with a strong spike higher, but buyers appear to be struggling, giving sellers a golden opportunity to run price back to the range below!
Keys to Success:
- Rollover Reminder, Strong Move Higher, 2 tries for Bulls, Range below
- Bears want a reversal back into the range below, and a breakout lower.
- Bulls want a breakout higher on strength – not gonna be easy!
