This *STOP RUN* Reversal Could Be Biggest Trade for Tuesday!!
Here we go again – back to work!
Today’s afternoon reversal gave us (3) perfect locations to “run the stops” for more easy winners tomorrow – don’t miss these!!
Emini and Nasdaq are bearish after today’s reversal, and this spike and channel pattern tells us exactly where the best entries will be tomorrow!
Crude Oil is bullish, but look closely and you’ll (3) reasons why buyers should be worried about getting long at this level. Let’s go hunting for stops!!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a spike and channel pattern, telling us that sellers will be looking for shorts off the high of the channel.
Keys to Success:
- Bear Momentum, Spike and channel
- Sellers want entries off channel highs, and today’s high
- Buyers want a double-bottom reversal
E-Mini S&P (ES):
The Emini is bearish with a spike and channel pattern, telling us that sellers will look for new entries up around the “base” of the channel.
Keys to Success:
- Bearish Momentum, Spike and channel
- Sellers want shorts above swing-highs and today’s high
- Buyers want a double-bottom reversal
Crude Oil Futures (CL):
Crude Oil is bullish in the short term, but we’re testing major resistance with an overall bearish momentum so we’re expecting sellers to be looking for shorts off these highs.
Buyers do have momentum on their side, but they need to show us a breakout before we can start buying pullbacks on the way up to $92.
Keys to Success:
- Bear Bias, Bull Momentum, Major Resistance, Range Rotation off high
- Buyers want a breakout going up to $92
- Sellers want a reversal off the highs
