This Double-Top Reversal Could Be A Huge Payday

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Sep 25, 2023 at 10:24 PM EDT

Buyers took control of momentum this afternoon, and I have a Breakout-Pullback on my radar tomorrow. But don’t forget that big move down last week – the higher we go, the more likely this Double-Top Reversal could be a HUGE payday!

person using macbook pro on black table

Image Source: Unsplash

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

Buyers took control of momentum this afternoon, and I have a Breakout-Pullback on my radar tomorrow…

But don’t forget that big move down last week – the higher we go, the more likely this Double-Top Reversal could be a HUGE payday!

Emini and Nasdaq are bullish after a range breakout, which is why I’m looking for a Breakout-Pullback into key resistance…

Speaking of “Key Resistance” – these (2) price levels are where I’ll be looking for that reversal back to major lows!

E-Mini S&P (ES):

(Click on image to enlarge)

Emini is bullish after buyers finally entered the market this week, but the higher we go, the more likely sellers will be waiting to re-enter the market for another leg lower!

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is bullish as it “rotates” off the low of today’s range, and I’ll be looking for a breakout-pullback off the highs of that range tomorrow morning.

Video Length: 00:28:49

More By This Author:

This Simple Pattern Could Trigger A Massive Squeeze
These FOMC Trades Could Make Your Entire Week
This 2-Leg Pullback Could Be Biggest Win Of The Week

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