This ‘Perfect Pullback’ Could Be BIGGEST Trade of the Week!
Woah, what a move today!!
Markets collapsed and ran lower today, telling us to be ready for (2) key setups on Thursday – one of them might be the best pullback we get all week!
Emini and Nasdaq got crushed today, and we know everyone’s waiting for the next pullback. Where’s the best entry? The answer might surprise you!
Crude Oil is bearish too, and the spike and channel pattern tells us exactly where the “big money” is waiting for tomorrow morning…
Markets can “smell” last week’s lows, this next pullback is going to be crucial – don’t miss it!
E-Mini S&P (ES):
The Emini is bearish and today’s “runaway market” tells us to be looking for either a trading-range or a deep pullback to develop tomorrow.
Keys to Success:
- Big move in one day suggests we get a deep pullback or range tomorrow
- Sellers want to short any bounces off these lows.
- Buyers want a double-bottom reversal.
- Beware chasing price lower because the prior week low is just below us.
E-Mini Nasdaq (NQ):
The Nasdaq is bearish, and the size of today’s run lower tells us to stay patient for a deep pullback or sideways range tomorrow morning.
Keys to Success:
- Large move lower says expect a deep pullback to attract sellers at higher prices.
- Sellers will be waiting to short the bounces.
- Buyers need to stay patient, wait for a double-bottom reversal
- Last week’s low is just below us, so beware chasing price lower.
Crude Oil Futures (CL):
Crude Oil is bearish with a strong move lower into a spike and channel, suggesting that sellers will be looking to short into any bounces we see tomorrow morning.
Keys to Success:
- Strong move lower for bears says be ready to sell into pullbacks
- Sellers want to sell the bounce off today’s low
- Buyers should stay patient, wait for a double-bottom or strong 123-Reversal to change momentum
- Bears need to break major support on the way to range magnet below at $102
