This Bear Trap Could Be Biggest Trade Of The Week

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Apr 4, 2023 at 11:36 PM EDT

Markets finally pulled-back off last week’s high.

Big day tomorrow – you ready?

Markets finally pulled-back off last week’s high, and today’s bearish momentum tells us that *Bear Traps* will likely be where the BIG MONEY is made tomorrow!

E-mini and Nasdaq are bearish in the short-term, but this is the first decent pullback since last week’s big move higher – I’m expecting a rotation back into the range above, but let’s hope we get this *Bear Trap* first!

Crude Oil is bullish after sellers failed multiple times today – I’ll be watching for (3) breakout patterns going higher, but I hope we get this *Bear Trap* first!!

E-Mini S&P (ES):

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Emini is bearish into a range, but this failed retest of today’s low gives buyers a great opportunity for a reversal back to the range where the day began.

E-Mini Nasdaq (NQ):

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Nasdaq is bullish into a range, with buyers using bear traps to buy off support levels below the range.

Crude Oil Futures (CL):

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Crude Oil is bullish, and we can assume buyers are looking for higher prices after multiple selling attempts failed today.

Video Length: 00:33:41

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