This *CPI BULL TRAP* Could Be Easy 15x Tomorrow!
Big news tomorrow – let’s do this!!
Markets are range-bound tomorrow’s big CPI/Inflation report, which means everyone’s looking for a breakout…
But not so fast – smart money’s trading AGAINST those breakouts, here’s why!
Emini and Nasdaq are bearish into ranges – I’m definitely open to a breakout lower, but my favorite trade for tomorrow is this bull trap off the highs!
Crude Oil is bearish with a strong move lower, but there are (2) important clues telling us this move lower might be nothing more than a trap!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a narrow range today, suggesting the sellers will be looking for entries at resistance levels above the range, along with breakouts below.
Keys to Success:
- Bear Bias, Trading-range
- Bears want entries off resistance above the range, or breakouts below
- Bulls want reversals off range lows, or strong breakouts to new highs.
E-Mini S&P (ES):
The Emini is bearish into a range, telling us that sellers will be looking for breakouts lower, or shorts off resistance levels above range highs.
Keys to Success:
- Bear Bias, Trading-range
- Bears want to sell resistance levels above the range, or breakouts below it.
- Bulls want a reversal off the low, or a strong breakout thru the highs.
Crude Oil Futures (CL):
Crude Oil is bearish after going four legs lower today, but sellers appear to be struggling to retest today’s low, suggesting that buyers may get the opportunity to reverse price higher if they can’t hold down here.
Keys to Success:
- Bull bias, strong move down, range above
- Bears want entries off resistance above, or breakouts below
- Bulls want a reversal off today’s low for a run back to the range.
