Video Length: 00:45:23
Back to work – March begins tomorrow!
We began the week with big GAPS on the charts today, and those GAPS are giving us some really important clues leading into Tuesday…
The Emini and Nasdaq are bullish, and there are one key price level buyers need to break before we look for breakouts going higher (everything else is short!)
Crude Oil is bearish into a range, and today’s GAP tells me there are (3) different sell setups I need to watch tomorrow morning…
One of those Oil short trades is my favorite for tomorrow, but I’ll bet most traders miss it. Don’t be one of them – watch tonight’s video so you’re ready!
E-Mini S&P (ES):
(Click on image to enlarge)
E-Mini Keys to Success:
The Emini is bullish and trying to break out of today’s trading range.
Bulls are currently trying to retest that major high from earlier this morning, but this range is trying to drag the price back down again.
Bulls will be looking for buying opportunities with a breakout to new highs, but sellers will be looking for signs of exhaustion to get short back into the range below.
If the price goes lower, sellers will take control of momentum and start looking for shorts off the high of a new channel as they hunt for a retest of today’s overnight low.
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
Nasdaq Keys to Success:
The Nasdaq is bullish with buyers trying to retest today’s big move higher, while sellers are looking for ways to short the highs going back into the range (magnet) below us.
Crude Oil Futures (CL):
(Click on image to enlarge)
Crude Oil Keys to Success:
Crude Oil is bearish into a range, which means sellers will be looking for shorts off resistance levels above the range, along with breakouts going lower.
Buyers can look for entries off support levels below the range, but it’s not going to be easy finding buying opportunities going higher because of that major top-up around $100.
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