February 15, 2023

This LAST CHANCE BEAR TRAP Could Be EASY Money Tomorrow!



You ready for more Inflation Data tomorrow?

Markets are bullish, giving us one *last chance* to grab bear traps before we finish our rotation targets tomorrow…

But don’t let this urgency force you into bad trades – these (3) setups that could the easiest money all week, so stay patient!

Emini and Nasdaq are bullish and inches away from their targets – keep these *bear traps* on your radar, and don’t forget the reversal too!

Crude Oil is bullish and still trying to rotate off the weekly range – I’m watching for a *bear trade breakout*, but I’d gladly take this trend-line bounce too!



E-Mini S&P (ES):

Emini is bullish, trying to complete the weekly pendulum-swing rotation up around 4182.

Buyers need to be careful above the range.  It’s best to use traps and deep pullbacks for entries.

Keys to Success:

  • Bull Bias, Range Rotation, Strong Move
  • Up: Buy Traps & Pullbacks, Sell Double-top Reversals
  • Down:  Buy Bear Traps, Sell Reversals

E-Mini Nasdaq (NQ):

Nasdaq is bullish with a strong move higher, and major resistance overhead tells us buyers will be waiting for deep pullbacks to avoid “buying high” tomorrow.

Let’s hope we get a range up here, so we can buy seller failures off support levels below it tomorrow morning.

Keys to Success:

  • Bull Bias, Strong Move, Resistance Overhead
  • Up: Buy Pullbacks, Sell Double-tops
  • Down: Buy Bear Traps, Sell Reversals
  • Sideways:  Buy Seller failures at support below range

Crude Oil Futures (CL):

Crude Oil is bullish after retesting yesterday’s low and spiking higher.

The range above is still the overall magnet, and buyers will be looking for ways to get long going back to range highs.

Keys to Success:

  • Rollover, Bull Bias, Range Rotation, Spike Higher
  • Up: Buy Traps & Pullbacks, Sell Double-tops
  • Down: Buy Bear Traps, Sell Breakouts


    schooloftrade

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