October 24, 2023

This *EARNINGS TRAP* Could Be a HUGE PAYDAY!



Earnings are out – let’s do this!

Markets are bullish after today’s earnings report, but these (2) ranges on the 60m tell us this move might be nothing but a trap!

Emini and Nasdaq are pushing higher inside a channel, but did you see the new range develop after today’s earnings?

That range is a BIG CLUE, telling us TRAPS are probably where the easy money will be made tomorrow!



E-Mini S&P (ES):

Emini is bullish into a range, telling buyers to look for bear traps to buy around the lows, and breakout-pullbacks thru the highs.


E-Mini Nasdaq (NQ):

Nasdaq is bullish into a range, but the overall bear market tells us to expect sellers to look for reversals above range highs until we see a convincing breakout higher.



    schooloftrade

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