This *SLINGSHOT REVERSAL* Could SHOCK Everyone Tomorrow!!
Big day tomorrow – you ready!?
Markets are range-bound with lots of bullish momentum coming off today’s low…
Everyone assumes sellers are waiting at today’s high – but watch out, because this *slingshot reversal* might shock everyone tomorrow!!
Emini and Nasdaq are both bearish into a range, but this “rotation off the low” gives buyers a HUGE opportunity for an easy rally higher!
Crude Oil is bullish into a range, telling us to look for bull breakouts, or even better, a bull reversal off today’s low!
E-Mini Nasdaq (NQ):
The Nasdaq is long-term bearish, but a recent “failed rotation” off today’s range gives bulls the opportunity to grab a short squeeze reversal higher.
Buyers will look for breakouts higher, while sellers look to sell at a much higher price tomorrow morning.
Keys to Success:
- Bear Bias, Big Move Down, Failed Range rotation
- Bear bias, Big Move Down Yesterday, Range rotation off the low
- Bulls want a breakout higher, or a reversal off today’s low
- Sellers want a crown reversal, or double-top reversal at higher prices.
E-Mini S&P (ES):
The Emini is bearish overall, but bullish as price rotates higher off the low of today’s range.
Buyers will be looking for a breakout going higher, possibly back to last week’s close, while sellers look to sell at a much higher price after yesterdays’ big drop.
Keys to Success:
- Bear bias, Big Move Down Yesterday, Range rotation off the low
- Bulls want a breakout higher, or a reversal off today’s low
- Sellers want a crown reversal, or double-top reversal at higher prices.
Crude Oil Futures (CL):
Crude Oil is bullish with buyers trying to complete a breakout up to (possibly) $94 tomorrow morning.
Buyers want breakouts higher, or reversals off the low. Sellers want a double-top reversal off the highs, or a strong breakout lower.
Keys to Success:
- Rollover Reminder, Range Rotation, Multi-day range
- Bulls want a breakout higher, or reversal off the low
- Bears must be careful, waiting for a clear reversal lower.
