January 25, 2024

These *RANGE REVERSALS* Could Be EASY MONEY on Friday!!



Great work today, let’s do it again!

Markets are range-bound going into big inflation news tomorrow…

Ranges love to *rotate* up and down like a pendulum, and I’m looking for 2 key reversal patterns tomorrow!

Emini and Nasdaq are both range-bound with a bullish bias, and I’d love to grab some bear traps and reversals off these levels tomorrow!



E-Mini S&P (ES):

  • Emini is bullish and buyers are trying to punch thru recent highs into another breakout-pullback… but it smells like we’re developing a larger range so buy low, sell high, and trade the rotation!

E-Mini Nasdaq (NQ):

  • Nasdaq is bullish overall, but a strong move down suggests sellers will be looking for another leg lower before buyers get a chance to buy it back up again.


    schooloftrade

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