This Bull Trap Might Be Easy Money On Tuesday

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Sep 11, 2023 at 10:40 PM EDT

Markets are bullish, but this simple clue on the 60 minutes tells us today’s move higher might be nothing more than a bull trap.

Weekend’s over, let’s make some money!

Markets are bullish, but this simple clue on the 60 minutes tells us today’s move higher might be nothing more than a bull trap!

E-mini and Nasdaq are grinding higher this week, telling us the best entries will likely be below major swings on the 60-minute…

That leaves the door WIDE OPEN for sellers to short these pops, so keep this BULL TRAP on your radar – it could be easy money!

E-Mini S&P (ES):

(Click on image to enlarge)

E-mini is bullish, but showing signs of exhaustion at today’s high with a range (magnet) below us.

Buyers need to see proof of a breakout higher, or sellers will attack looking for a pendulum swing back to recent lows.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is bullish, but running into overhead resistance on the 60 minutes tells us this would be a great time for a bull trap reversal back to range lows.

Expect buyers to be waiting at range lows as well!

Video Length: 00:30:03

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