Reversal Alert!! This Short Squeeze Could Be Huge!!



Wow, tomorrow’s lookin’ great!!

Today’s big selloff gave the bears just enough to rope to hang themselves – now  buyers have them trapped and ready for a massive squeeze higher!

Emini and Nasdaq started the day bearish, but a recent change in momentum gives buyers the biggest opportunity of the week!!

Crude Oil is bullish too – the pendulum-swing just held, now all we need is one of my breakout patterns to let it rip!!

Don’t forget – this weekend’s Holiday means there’s not much time left to get your week in green – don’t miss these trades!



E-Mini S&P (ES):

The Emini is bullish and hunting for a retest of yesterday’s, but today’s high appears to be holding as resistance.

Keys to Success:

  • Today’s big GAP down sent price below range lows and buyers picked it up for a run back to the highs.
  • Buyers want breakouts going higher, or pullbacks off channel lows.
  • Sellers want reversals off yesterday’s high, or a breakout going lower.

E-Mini Nasdaq (NQ):

The Nasdaq is bullish into a range, but still overall bearish after last night’s big gap down. 

Keys to Success:

  • Buyers haven’t been able to take control of momentum as yesterday’s low keeps acting as major resistance.
  • Buyers want a breakout going higher, or a pullback to channel lows.
  • Sellers want a reversal off the highs, and a strong run back to retest today’s low.

Crude Oil Futures (CL):

Crude Oil is slightly bullish into a trading-range with buyers trying to make a rotation back to retest today’s high.

Keys to Success:

  • Buyers held the new range’s pendulum-swing and are now looking for a run back up to retest today’s high.
  • Buyers want a breakout going higher, or buy setup around today’s low.
  • Sellers want a reversal off today’s high, or a breakout going lower.


    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: