This *Fake Out Breakout* Could Be Easy 10x Short Squeeze Tomorrow!
Weekend’s Over – Back to Work!
Markets are bearish going into Tuesday, but last Friday’s strong move higher tells us these *fake out breakouts* could be some of the best trades of the week!!
Emini and Nasdaq are bearish into ranges – I’m def watching for breakouts lower, but I’d rather grab this easy ‘fake-out breakout’ for a short squeeze instead!!
Crude Oil is bearish into a range, so I’m keeping my eyes open for a breakout lower. But let’s hope they fail, because this “short squeeze” reversal looks even better!
E-Mini Nasdaq (NQ):
The Emini is bearish into a range, but with last Friday’s massive run higher, we know that buyers will looking for ways to retest that high.
Keys to Success:
- Big, strong move higher & bearish range
- Bulls want a reversal below the range, or a breakout above it
- Bears want a breakout lower, or a reversal off last Friday’s high
E-Mini S&P (ES):
The Nasdaq is bearish with a strong run lower into a range. Sellers would love to retest that major low, while buyers fight for a retest of last Friday’s high.
Keys to Success:
- Strong Move higher, Strong Move lower, Range
- Bears want a breakout lower, or a reversal off major highs
- Bulls want a reversal off today’s low, or a breakout higher.
Crude Oil Futures (CL):
Crude Oil is bearish into multiple ranges, with sellers trying for a breakout, and buyers looking for a reversal higher tomorrow.
Keys to Success:
- Bear range, rotation off the low, strong move down
- Bears want a breakout lower, or a reversal off major highs.
- Bulls want a reversal off today’s low, or a breakout higher
