We’ve Been Waiting for This Trade All Week!

Finally, our patience is about to pay off!

Today’s big move(s) just opened up some amazing trading opportunities on Thursday.  For example…

The Emini and Nasdaq both made large “grindy” moves higher today.  These types of conditions tell us precisely where to find some 5x trades tomorrow…

Crude Oil is even better.  That $25 move down just put us into position for what could be the biggest trade of the week.  You’ll regret missing this one…

We don’t see conditions setup like this very often, so don’t miss this video!

E-Mini S&P (ES):

E-Mini Keys to Success:

The Emini is bullish with a spike and channel pattern.

Spike and channel patterns are one of my favorite chart patterns because they tell us to wait for a deep pullback into the “base” of the channel.

Buyers will be waiting for that deep pullback, looking for ways to trap in the counter-trend sellers for the best entries going back up to the high.

Buyers can also look for breakout patterns above this afternoon’s trading-range, using the prior week close and range above us as a target.

Sellers can look for shorts using reversal patterns off today’s high, along with selling a 123-Reversal using a new channel.

Keep in mind, we’re watching contract rollover tomorrow, so keep an eye on volume tomorrow morning when you get to your desk!

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bullish with a wedge pattern.

Wedges are similar to spike and channels in the sense that the market’s gone very far in one session, so it’s likely to give us a deep pullback to attract more buyers into the market.

Buyers would love the opportunity to buy into the next deep pullback off these highs, or trade a breakout going even higher tomorrow morning.

Sellers should stay patient until they see signs of exhaustion for a reversal off the highs, or a 123-Reversal pattern going lower.

Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is bearish with a large move down into a range.

Sellers may have control of momentum, but they don’t have any easy entries at this point.  There will be a support trend-line in their way if price pulls back higher, and they have today’s major low as support if they try to go lower.

Sellers need to get a 123-breakout going lower on strength, then look for shorts down to 95.

Buyers have all the options right now.  They can buy a reversal off today’s low using the range as a price-magnet, and they can buy a breakout going higher.

Keep in mind, anytime we see such a big move in one day, we know the following day is often a range.  Keep your eyes open for that range.