October 18, 2023

This *BEAR TRAP* Could Be EASY MONEY on Thursday!!



Markets made a big move down today, right into the perfect spot for a bear trap…

But don’t force the entry – keep these (2) setups on your radar because they could be easy money tomorrow!

Emini and Nasdaq are bearish after big moves lower today, but we’re sitting on major support with a range above us…

These situations are ideal for a bear trap – just don’t rush the entry.  Wait for this setup instead!



E-Mini S&P (ES):

Emini is bearish after a big move down today, telling us that sellers will be waiting for a 2-leg pullback to sell at a higher price, followed by a retest of major lows.


E-Mini Nasdaq (NQ):

Nasdaq is bearish with a big move down today, telling us that buyers will likely look for buying opportunities with a crown reversal or double-bottom tomorrow morning.



    schooloftrade

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