This SHORT SQUEEZE Could Be Best Trade of the Week!!
One day left, let’s make it count!
Sellers had control for most of the session today, but a late afternoon “Failure” now gives buyers one of the best “squeeze” opportunities of the week!
The next couple hours will tell us where the best entries will be, so keep this gameplan on your radar, and let’s finish the week with some GREEN!!
Emini and Nasdaq started the day bearish, but this “2-Try Failure” just gave buyers one of the best opportunities of the week!
Crude Oil is bearish into a range – sellers are looking for shorts on the next pop, but smart buyers will be watching for this “bear trap” if they fail!
E-Mini S&P (ES):
The Emini is bullish with a strong pop higher after sellers failed to hold their big move down overnight.
Buyers will be looking for entries on the next pullback, or a breakout higher.
Keys to Success:
- Sellers try twice and fail, strong move higher, last week’s close.
- Bears need a major reversal with strong momentum
- Bulls want a breakout higher, or pullback entries below.
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a strong pop higher, telling us that buyers will be looking for breakouts higher, or reversals off support levels below.
Keys to Success:
- Sellers try twice, strong move higher, last week’s close
- Bulls want a breakout higher, or reversals off major lows
- Bears want a reversal on lots of strength
Crude Oil Futures (CL):
Crude Oil is bearish into a range, sitting on major support at 80.66. Sellers need a strong breakout lower, or buyers will likely get a squeeze going back up into the range above, possibly back to $85 round number.
Keys to Success:
- Bearish range, Major Support Below, Support trend-line?
- Bears need a breakout lower, or trap in buyers above
- Bulls want a breakout higher, or a reversal off the low
