This Trade Could Make My Entire Week (Don’t Miss It!)

Trades like these don’t happen every day…

The Emini just completed its pendulum-swing target up at all-time highs, and with today’s range acting like a magnet below us, I’ll be looking for a reversal…

Speaking of reversal – Nasdaq sold off into the close this afternoon, and I’d love to short a “breakout-pullback” using the bottom of today’s range…

Don’t forget Crude Oil – bulls just completed a measured-move into (3) major resistance levels above the weekly range.  Everything says short, I just need the signal…

Lots of ranges on these charts tonight, and lots of trades we don’t see very often.  Any one of these could make your entire week – so make sure you watch!

E-Mini S&P (ES):

E-Mini Keys to Success:

• Emini is bullish into a trading-range, sitting just below all-time highs.
• Bulls have control, but it’s hard to get long until we see a firm breakout to new highs.
• Sellers will be looking for reversals off the high, along with a run back to range lows.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the breakout
• DOWN – Sell the 123-Reversal
• SIDEWAYS – sit on hands and wait for a breakout

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Bulls had control into a range earlier today, but this selloff into the close gives sellers all the momentum for another leg lower tomorrow morning.
• Sellers will be looking for shorts up at resistance levels overhead, or waiting to sell the bounces if price grinds lower.
• Buyers need to stay patient, wait for sellers to fail, or a reversal to give them momentum going higher.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the bear traps
• DOWN – sell the buyer failure off channel highs
• SIDEWAYS – avoid this range, wait for a pullback or breakout going lower.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

• Bulls have control and trying to breakout of today’s range, but they’re running into major resistance around the lows of yesterday’s range.
• There’s a massive trading-range right in the middle of this chart, giving sellers a chance to grab this short and send it back lower again.
• Buyers need to show us proof they can hold this pop higher, and if they can we can look for entries going back to major highs.

Best Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-breakout
• DOWN – sell the buyer failure & sell the 123-Reversal