This 10X BULL TRAP Might Be BIGGEST Trade of the Week!
End of the month, let’s do this!!
Markets are bearish going into the end of January, and today’s *lazy trend* tells us this BULL TRAP could be one of the easiest 10X trades of the week!
Emini and Nasdaq are bearish, sitting on today’s low – I’d love to short a breakout-pullback going lower, but I’ll gladly take this BULL TRAP bounce too!
Crude Oil is bearish, sitting at the low of a wide bear channel – earnings tomorrow could easily give us a reversal, but I’ll be looking for BULL TRAPS if they fail!
E-Mini S&P (ES):
The Emini is bearish and just retested today’s low. We can assume sellers will be looking for entries up around channel highs, or breakouts going lower.
Keys to Success:
- Mixed Bias, Strong Move Retested, Range Rotation
- Up: Sell Buyer failure, Buy Bear Traps
- Down: Sell Pullbacks, Buy Double-bottom Reversals
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a lazy trend going lower, telling us that sellers will be waiting to short into deep pullbacks until we see the trend develop stronger.
Keys to Success:
- 60M mixed bias, Strong move retested
- Up: Sell Buyer failures, Buy Bear Traps
- Down: Sell Pullbacks, Buy Double-Bottom Reversals
Crude Oil Futures (CL):
Crude Oil is bearish, sitting on today’s low, telling us that sellers will be waiting to short the bounces, or breakout-pullbacks going lower.
Keys to Success:
- Bear Bias, Strong Move(s) retested
- Up: Sell Buyer failures, Buy Bear Traps
- Down: Sell Pullbacks, Buy Double-Bottom Reversals
