This *PAYROLLS BEAR TRAP* Could Be EASIEST Trade of Week!!
One day left, let’s finish the week strong!
Markets are bullish and range-bound ahead of tomorrow’s Payroll Report…
Non-Farm Payrolls are known for “head fakes” around the open, so keep an eye out for these (3) BEAR TRAPS on the next big move lower!
Emini and Nasdaq are bullish in ranges – it’s easy to make a case for another breakout leg higher, but remember what happened the last (2) days?
Crude Oil is bearish in a range, but this “rotation off the low” is giving buyers an amazing reversal signal – will they take advantage?
E-Mini S&P (ES):
Emini is bullish into a range, telling us to expect buyers to look for entries off support levels below.
We haven’t seen any meaningful pullback since the big run higher, so expecting a deep pullback with lots of bear traps wait for buyers.
Keys to Success:
- Bull Bias, Big Move no pullback, Bull Range
- Up: Buy Bear Traps & Breakouts
- Up: Sell Crown reversals off high
- Down: Buy Seller failures, Sell Reversals
E-Mini Nasdaq (NQ):
Nasdaq is bullish with a strong rotation off the high of today’s range. Sellers will likely try continuing this move lower, while buyers look for ways to “trap them in” and buy into their stops!
Keys to Success:
- Bull Bias, Big Move No Pullback, Range Rotation
- Up: Buy Bear Traps & Breakouts
- Up: Sell Double-top Reversals
- Down: Buy Seller failures, Sell Reversals
Crude Oil Futures (CL):
Crude Oil is bearish overall, but this bullish rotation off the low of today’s range is a very bullish signal.
Buyers will be looking for breakouts higher, while sellers try and hold back the reversal.
Keys to Success:
- Bear Bias, Range Rotation, Bull Channel
- Up: Buy Bear Traps & Breakouts
- Up: Sell Double-top Reversals
- Down: Buy Seller failures, Sell Breakouts
