This BEAR TRAP Could Be BIGGEST TRADE of the Week!
Big day tomorrow – you ready?
Markets finally pulled-back off last week’s high, and today’s bearish momentum tells us that *Bear Traps* will likely be where the BIG MONEY is made tomorrow!
Emini and Nasdaq are bearish in the short-term, but this is the first decent pullback since last week’s big move higher – I’m expecting a rotation back into the range above, but let’s hope we get this *Bear Trap* first!
Crude Oil is bullish after sellers failed multiple times today – I’ll be watching for (3) breakout patterns going higher, but I hope we get this *Bear Trap* first!!
E-Mini S&P (ES):
Emini is bearish into a range, but this failed retest of today’s low gives buyers a great opportunity for a reversal back to the range where the day began.
E-Mini Nasdaq (NQ):
Nasdaq is bullish into a range, with buyers using bear traps to buy off support levels below the range.
Crude Oil Futures (CL):
Crude Oil is bullish, and we can assume buyers are looking for higher prices after multiple selling attempts failed today.
