These (3) RANGE TRAPS Could Make Your ENTIRE WEEK!!
Now, THAT’s how you start a new month!
Markets are bearish, but careful tomorrow because I see (3) reasons why TRAPS will likely be where the BIG MONEY’s made on Thursday!
Emini and Nasdaq are bearish with major support below us, and ranges above us… the key word for tomorrow is TRAPS, TRAPS, and more TRAPS!
Crude Oil is bullish and setting-up for a pendulum-swing breakout going higher, but don’t get too aggressive – these *bear traps* are my favorite!
E-Mini S&P (ES):
Emini is bearish, and the major support levels just below us tells us sellers will likely be waiting to short large bounces, or strong breakout tomorrow morning.
Keys to Success:
- Bear Bias, Range Rotation, Big Channel, Major Lows
- Up: Buy Bear Traps, Sell Reversals
- Down: Buy Reversals, Sell Breakouts
E-Mini Nasdaq (NQ):
Nasdaq is bearish and trading sideways on major support, which tells us sellers will stay patient for large bounces off major lows, or strong breakouts below it.
Keys to Success:
- Bear Bias, Range Rotation, Big Channel, Major Lows
- Up: Buy Bear Traps, Sell Reversals
- Down: Buy Reversals, Sell Breakouts
Crude Oil Futures (CL):
Crude Oil is bullish with buyers trying to complete a pendulum-swing breakout thru today’s high, which tells us to look for bear traps and breakouts tomorrow!
Keys to Success:
- Bull Bias, Range Rotation, Major Resistance
- Up: Buy Bear Traps & Breakouts
- Down: Buy Bear Traps & Reversals
