SHORT THE BOUNCES! These (3) Zones Could Be Easy Money Tomorrow!
The reversal is in, let’s go find some trades!
Markets are bearish after today’s reversal, and the key phrase for tomorrow is “short the bounces!”
But not just any bounce, keep these (3) key setups on your radar and you’ll be ready for winning trades on Wednesday!
Emini and Nasdaq are bearish and everyone’s looking for ways to get short, but don’t force the entries – these (3) patterns are my favorite!
Crude Oil is bearish with a strong move lower – it’s tempting to get aggressive down here, but there’s ONE BIG REASON to wait for the bounce instead!
E-Mini S&P (ES):
Emini is bearish with a strong move down into a range, telling us to look for shorts up around resistance levels above the range.
Keys to Success:
- Bear Bias, Strong Move, Range, Support trend-line
- Up: Sell Buyer failures, Sell Reversals
- Down: Short the bounces, Buy Double-bottoms
- Sideways: Sit on hands, wait for a retracement off the lows.
E-Mini Nasdaq (NQ):
Nasdaq is bearish and sitting on today’s low, telling us that sellers will be waiting to short the bounces into resistance above, or breakouts going lower.
Keys to Success:
- Strong move retested, bear range rotation
- Up: Sell Buyer failures & reversals
- Down: Sell Breakout pullbacks
Crude Oil Futures (CL):
Crude Oil is bearish with a strong move, testing a major support trend-line, telling us to expect sellers to short the bounces, or breakout-pullbacks tomorrow.
Keys to Success:
- Strong move retested, bear range rotation
- Up: Sell Buyer failures & reversals
- Down: Sell Breakout pullbacks
