TRAP ALERT!! This Bear Trap Could Easily 20x on Friday!!
One day left, let’s make it count!!
Markets are range-bound going into Friday, and these “breakout traps” could give us massive gains to finish the week!!
Emini and Nasdaq are bullish into ranges – I’m watching breakouts closely, but this “bear trap” is definitely my favorite!!
Crude Oil is bearish and trying to breakout lower – I like the “pop and grind” back to $100, but the biggest gains might be this reversal!!!
E-Mini Nasdaq (NQ):
Nasdaq is bullish into a trading-range. Buyers will be looking for breakouts going higher, along with entries off support below the range.
Keys to Success:
- Bullish trading-range with buyers rotating off the low
- Buyers want a breakout, or entries off range lows
- Sellers want a reversal off the highs (not
- What would a breakout look like? Could it snap back?
E-Mini S&P (ES):
The Emini is bullish into a range. Buyers are looking for breakouts on strength, or entries off support levels below the range.
Keys to Success:
- Bullish range with bullish rotation off low
- Buyers want breakouts higher, or entries off range lows
- Sellers want a reversal off the highs.
Crude Oil Futures (CL):
Crude Oil is bearish into a range, with sellers trying to complete a pendulum-swing off the high. Sellers will be looking for breakouts lower, while buyers will be looking for reversals.
Keys to Success:
- Bearish range rotation off the high
- Sellers want a breakout lower
- Buyers want a reversal off lows, or breakout higher
