3 Ways To Capitalize On This Short Squeeze

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Feb 17, 2021 at 10:14 PM EST

The Emini looks ripe for a “snap back” to retest major highs. The big move on Crude Oil says to be ready to trap in the sellers. And Gold is sitting on major support after going 3 legs down.

Video Length: 00:40:53

Are You Seeing this Short Squeeze for Tomorrow?

The Emini looks ripe for a “snap back” to retest major highs…

The big move on Crude Oil says to be ready to trap in the sellers…

And Gold is sitting on major support after going 3 legs down…

All three of these markets look great for a short squeeze, but we have to stay patient for the best entries. Are you ready? Here’s my plan…

E-Mini Keys to Success:

Day begins in a range, the bears get a breakout, bears fail to retest the low, and price snaps back into the range again.
Bulls Want to complete the pendulum swing and the snap-back to all-time highs
Bears Want to take back control with a 123-breakout

Best Setups for Tomorrow:

[UP] – 2-try trap to buy (or) crown reversal to sell
[DOWN] – seller failure to buy (or) 123-Reversal to sell
[SIDEWAYS] – sit on hands, wait to buy below the range

(Click on image to enlarge)

Crude Oil Keys to Success:

We rolled forward to the 04-21 Contract
Strong spike higher; expect a range, spike and channel, or deep pullback
Bulls Want to buy the deep pullback on the way up to $65
Bears Want to reverse the trend and go back to the range below.

Best Setups for Tomorrow:

[UP] – Spike and channel to buy (or) crown reversal to sell
[DOWN] – nested failure to buy (or) 123-Reversal to sell
[SIDEWAYS] – sit on hands, wait to buy below the range.

(Click on image to enlarge)

Gold Keys to Success:

Bears in control with 3 legs down off major highs, tells us to expect either a range or a reversal tomorrow morning.
Bulls Want to reverse momentum back up to 1800
Bears Want to hold these lows or breakout lower to next major support

Best Setups for Tomorrow:

[UP] – nested failure to sell (or) 123-Reversal to buy
[DOWN] – 123-breakout to sell (or) crown reversal to buy
[SIDEWAYS] – sit on hands, wait to sell above the range.

(Click on image to enlarge)

Disclaimer:

Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

STOCKS IN THIS ARTICLE

Also Mentions:

Comments

Back to all articles