Markets spend the day grinding lower…Combine the big move higher we made over the last 2 weeks, and I’m looking a Bull Trap into Retest Trade tomorrow morning!
Combine the big move higher we made over the last 2 weeks, and I’m looking a Bull Trap into Retest Trade tomorrow morning!
E-Mini S&P (ES):
Emini is bullish overall, but this recent strong move lower tells me sellers will be looking for ways to retest this low before buyers get a chance to resume the overall trend higher.
E-Mini Nasdaq (NQ):
Nasdaq is grinding lower in an overall bullish market, telling me that sellers will be looking to short bull traps while buyers look for ways to buy the retest of recent lows.
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