February 20, 2024
This *RANGE REVERSAL* Could Make us a FORTUNE!!
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Holiday’s over… back to work!
Markets are range-bound ahead of NVDA earnings tomorrow night…
And if we play the setups right, this Range Reversal could make us a fortune!
Emini and Nasdaq are bullish overall, but strong moves down give sellers control of momentum…
These situations are perfect for Bear Traps, especially this Range Reversal!
E-Mini S&P (ES):
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- EMINI is long-term bullish, but today’s strong move lower tells us sellers will try retesting today’s low, so buyers should be ready for a double-bottom reversal!
E-Mini Nasdaq (NQ):
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- Nasdaq is bullish overall, and this bearish trading-range tells buyers to look for bear traps off support below it, or breakout-pullbacks going higher!