TRAP ALERT!! These *Traps* Could Be Easiest Money All Week!!
News day tomorrow – you ready?!
Markets are getting ready for the (2) biggest news events of the week tomorrow morning, which means TRAPS are gonna be the key to our success…
But careful – not all traps are worth trading, these are my favorite!
Emini and Nasdaq are bullish, but we’re trading into major resistance, telling us that bull traps might be the best trades of the week!!
Crude Oil is bearish, but did you see that range? This bear trap off the lows, and bull trap off the high gets me excited just thinkin about it!!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish and just completed a triple measured-move, suggesting that sellers will be looking for shorts back to the low of the channel, where buyers will attempt another run higher!
Keys to Success:
- Bear bias, Strong bull Move, Triple measured-move, Wide Channel
- Buyers want to buy a deep pullback off the high
- Sellers want a reversal back to the lows
E-Mini S&P (ES):
The Emini is bullish with a strong push higher, but with lots of resistance overhead, we know sellers will be looking for reversals before buyers scoop it back up near channel lows.
Keys to Success:
- Bear Bias, Strong Bull Move, Measured-move, Range Below
- Buyers want a pullback off channel lows
- Sellers want a reversal off the highs
Crude Oil Futures (CL):
Crude Oil is bearish with a strong run lower, but we’re back to the lows of a large range, suggesting that buyers will be looking for reversals back up to the highs, while sellers look to short back to 91.50.
Keys to Success:
- Bear Bias, Strong Move Lower, Larger Range
- Sellers want to short the channel high, and range high
- Buyers want a reversal off the low
