This Trade Can Make Your Entire Week!

Where’s the best trade on Friday?

Everything’s bearish going into Friday’s session, and with the strength of this afternoon’s move down, there will be plenty of opportunity…

Emini ES is bearish – and the way this price-action is looking, there’s a 2-legged pullback setting-up that could make your entire week!

Nasdaq is bearish – and since we just completed a triple measured-move, I’m looking for a strong bounce off the low into a 2-Try Failure to short…

Crude Oil is bearish too!  This recent break lower was so strong that I’m drawing the channel tight and looking for trap entries…

Like I said – there’s no shortage of opportunity on Friday.  The big question is – do you have the gameplan to take advantage?  Here’s mine…

E-Mini S&P (ES):

E-Mini Keys to Success:

The Emini ES is bearish with a strong move lower today.

Sellers have control of momentum, so I’ll be looking for selling opportunities off resistance levels above us, such as the bottom of that trading-range overhead.

If price goes sideways, I’ll wait for a new range to develop, then look for ways to short into the bull breakouts using Failure Setups.

If price keeps going lower, I’ll stay patient and look for opportunities to short into the first bounce off the lows.

Buyers need to sit on hands right now – too much bear momentum to pick a bottom at this point.  Best to wait for momentum to turn with a 123-Reversal going higher.

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bearish and just completed a triple measured-move into the closing bell.

Sellers made a strong move lower today which means I’ll be looking for selling opportunities at key resistance levels waiting overhead.  My target will be a retest of the low.

If price goes sideways overnight, I’ll then use that new range as a “magnet” and look for ways to sell short at resistance levels above it using Failure setups.

Buyers need to stay patient right now – this momentum is very strong, so it’s best to wait for a 123-Reversal pattern and buy the first pullback.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil started the day inside a range, but sellers were able to get a breakout and finished the day sitting right at the lows.

Sellers have a strong run lower, so I’ll be looking for ways to short resistance levels up around the low of that original trading-range.

If price goes sideways, I’ll look for ways to get short at resistance levels above the range…

And if price continues to push lower, il find a new bear channel and wait for my chance to short the “first test” off the high.