This FAKE-OUT BREAKOUT Could Be EASY MONEY on Tuesday!
Vacation’s over… back to work!
Markets are range-bound and feel a bit “nervous” ahead of big Inflation news later this week…
Nervous markets… ranges are magnets… that’s why this “Fake-Out Breakout” is my favorite trade for tomorrow – don’t miss it!
Emini is bullish into a range, telling us to look for breakouts going higher – but news on Wednesday tells me to be ready for this ‘fake-out breakout’ too!
Nasdaq is bearish into a range, and when you combine that with the 60-minute levels, this ‘fake-out breakout’ looks even better!
E-Mini S&P (ES):
Emini is bullish and trying to complete a rotation off the low of today’s range.
Buyers will be looking for breakouts up to 4475, while sellers look for a reversal to retest today’s overnight low at 4411.25.
E-Mini Nasdaq (NQ):
Nasdaq is bullish overall, but bearish into a range.
Buyers will be looking for reversals off range lows, and strong breakouts higher, while sellers look for reversals back to weekly lows.
