These (2) *RANGE REVERSALS* Could Be Easiest Money All Week!!
Back to work – big day tomorrow!
Markets are ‘range-bound’ going into big inflation news later this week, which means these ‘range reversals’ are gonna be our best friends tomorrow!
Emini and Nasdaq are bearish into ranges, telling us to focus on reversals around the edges of the range!
Crude Oil is bullish and sitting on the low of today’s range – buyers have a huge opportunity for a pendulum-swing reversal, so make sure you’re ready!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish and testing the lower end of today’s range, suggesting that buyers will be looking for a move back to range highs, while sellers try to complete a breakout going lower.
Keys to Success:
- Bear Bias, Strong Move Lower, Range Rotation
- Bears want a breakout lower, or entries off resistance above range highs.
- Bulls want a reversal off the lows, or a breakout to new highs.
E-Mini S&P (ES):
The Emini is bearish and buyers are trying to complete a pendulum-swing rotation up off the lows.
Buyers will be looking for a breakout back up to this afternoon’s high, while sellers look for ways to “sell high” and wait for a breakout lower.
Keys to Success:
- Bear Bias, Strong Move Down, Range Rotation
- Bears want to sell off range highs, or sell breakouts to new lows
- Bulls want a breakout higher on strength
Crude Oil Futures (CL):
Crude Oil is bearish and sitting on range lows. Buyers will be looking for a pendulum-swing rotation off the low, while sellers try to hold a breakout.
Keys to Success:
- Bull Bias, Strong Move retested, Range Rotation
- Bears want a breakout lower, or shorts off resistance overhead
- Bulls want a reversal off the low, or a breakout higher on strength
