PULLBACK ALERT!! (3) Trades for BIG GAINS on Friday!!
One more day, let’s make it count!!
Markets are bullish with strong runs higher today – we’re looking for pullbacks, and these (3) trades should make Friday easy!!
Emini and Nasdaq got their short-squeeze today, now we’re looking for pullbacks – keep these (3) trades on your radar, and don’t forget the reversal!!
Crude Oil is bullish, and filled with traps – I’d love to trap the bears on the next pullback, but I’ll gladly take one of these breakouts too!!
E-Mini S&P (ES):
The Emini is bullish with a strong run higher, telling us to expect a deep pullback and a retest of the high at some point tomorrow morning.
Keys to Success:
- Strong Run higher, large move in one direction
- Buyers want pullbacks around the low of the channel
- Sellers want a reversal off the high
E-Mini Nasdaq (NQ):
The Nasdaq is bullish with a strong run higher today, telling us to expect buyers looking for pullback entries off the low of the channels.
Keys to Success:
- Strong move higher, big move in one day
- Buyers want to buy pullbacks
- Sellers want a reversal off major highs
Crude Oil Futures (CL):
Crude Oil is bullish and trying to run back to $120, but with resistance overhead and buyers just retesting their highs, we need a little more information to trade with tomorrow morning.
Keys to Success:
- Bullish, but running into major resistance, we need more info
- Buyers want pullbacks or breakouts going higher
- Sellers want a reversal off the high.
