Run those Stops!! (4) Trades You Can’t Afford to Miss!
OMG, Look at these charts!
We have a TON of trades setting-up for Tuesday. Breakouts, Failures and Reversals are everywhere, and I’m gonna use a “stop run” to fuel them all!
Emini and Nasdaq are both bullish and trading at the highs of today’s range. I’m definitely looking for a breakout higher, but I’m praying for this reversal instead!
Crude Oil is bearish as it rotates off today’s high. We can easily play both sides of this market on Tuesday, but remember to use this stop run for easy winners!
Any one of these setups could be an easy 10-15x… all you need is one!
E-Mini S&P (ES):
The Emini is bullish and trying to breakout above today’s range.
Bulls have control on the Emini, and buyers will be looking for entries off support levels below the range, along with breakouts going higher.
Sellers have to be careful right now because buyers appear to be waiting on every pullback. Sellers can look for a reversal off range highs, or a 123-breakout going lower on strength.
Keys to Success:
- Bullish into a range with strong rotation off the lows.
- Buyers want to buy a breakout-pullback, or buy range lows.
- Sellers want to sell a reversal off the highs, or a breakout thru the lows.
- Both sides have plenty of open space for a breakout, they just need proof.
E-Mini Nasdaq (NQ):
Nasdaq is bullish with buyers trying for a triangle breakout!
Bulls have control of the Nasdaq and buyers will be looking to buy failures off support levels below the range, along with breakouts going higher on strength.
Sellers need to stay patient right now because momentum is very strong as price rotates from below today’s range, and we have a support trend-line below.
Sellers can’t easily sell off range highs without a trap entry, so the safest option is to wait for a breakout going lower.
Keys to Success:
- Bullish with buyers trying to break out of this range
- Buyers want a breakout, or buying off range lows.
- Sellers want a reversal off the high, or a breakout lower
Crude Oil Futures (CL):
Bulls have control, but sellers trying to rotate off range highs!
Bulls have control of Crude Oil, but the recent failed breakout has price moving quickly off the highs, trying to complete a pendulum-swing going lower.
Buyers need to be careful right now momentum is very strong for the bears. They need to wait for a 2-try failure to buy off these channel lows, or wait for a crown reversal to buy the pendulum-swing support zone.
Sellers have more options right now because they can sell a double-top reversal off the high, traps if price grinds lower, or breakouts on strength.
Keys to Success:
- Bullish, but strong momentum rotating off the highs
- Buyers want a breakout higher, or to reload at pendulum-swing
- Sellers want to short the next pop, or sell the move lower
- Breakouts aren’t easy because of the major spike and channel pattern.
