TRAP ALERT!! This Non-Farm Payroll ‘Trap’ Could Be Biggest Trade of Week!!
Non-Farm Payrolls, let’s do this!!
Markets are bullish ahead of tomorrow’s Non-Farm Payrolls – everyone’s looking for a pullback, but this “trap” is what the smart money is waiting for!
Emini and Nasdaq are bullish with strong runs higher today, but it’s what DIDN’T happen today that tells us where the biggest winners will be tomorrow!
Crude Oil is bullish into a range, so we’re looking for “bear traps” below the lows, and bull breakouts going higher!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a strong “pop and grind” move higher today, telling us that buyers will likely be looking for deep pullbacks and a retest of today’s high.
Keys to Success:
- Strong Bull Move & No Deep Pullbacks!
- Buyers want a deep enough pullback to trap in the bears for a retest of the high
- Sellers want a reversal back to 12,000 and today’s range below.
E-Mini S&P (ES):
The Emini is bullish with a strong run higher without any meaningful pullbacks along the way, telling us that buyers will be looking for deep pullbacks for entries tomorrow morning.
Keys to Success:
- Strong Bull Move & No Deep Pullbacks!
- Buyers want a deep enough pullback to trap in the bears for a retest of the high
- Sellers want a reversal back to today’s range
Crude Oil Futures (CL):
Crude Oil is bullish into a range after a strong run higher today, telling us that buyers will be looking for entries off support levels below the range.
Keys to Success:
- Bullish range, rotation off the high, $100 below
- Buyers want entries off support levels below the range
- Sellers want a reversal back to $100 and range below
