August 22, 2023

This FAKE-OUT BREAKOUT Could Be Your BIGGEST WIN of the Week!



Big day tomorrow – you ready?

Markets are range-bound ahead of NVIDIA earnings tomorrow, so you know I’m excited…

Ranges act like magnets, and this Fake-Out Breakout could be your biggest winner of the week!

Emini and Nasdaq are bearish into ranges, and this 3-point roadmap might be the only thing you need to make money on Wednesday!



E-Mini S&P (ES):

Emini is bearish into a range, sellers just got their entry above the highs, and we should be rotating down to complete a pendulum-swing lower.

Buyers will be looking for a reversal off that pendulum-swing, while sellers wait for a breakout-pullback to keep going lower.

If that fails, look for buyers to attempt a run back to the highs.


E-Mini Nasdaq (NQ):

Nasdaq is bearish into a range, sitting on major 60-minute support.

Sellers will be cautious shorting the next pullback, giving buyers an opportunity for a reversal back to today’s high.

Sellers will be looking for a breakout-pullback if we go lower.



    schooloftrade

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