This Slingshot Breakout Could Make Our Entire Week

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Oct 24, 2024 at 8:26 PM EDT

Markets are setting-up with a *Slingshot Breakout* tonight, one of my favorite chart patterns. These setups usually give us (2) trades the following day, and trade #2 could make our entire week!

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

One day left – let’s finish strong!

Markets are setting-up with a *Slingshot Breakout* tonight, one of my favorite chart patterns…

These setups usually give us (2) trades the following day, and trade #2 could make our entire week!

How cool was that 2-Legged Pullback today, right?

Now buyers are trying to “rotate” off the low of today’s range with one of my all-time favorite setups… a Slingshot Breakout!

You can’t afford to miss tonight’s video, let’s go!

E-Mini S&P (ES):

Emini is bullish and this “rotation off the low” of today’s range tells me to expect a slingshot breakout going higher!

E-Mini Nasdaq (NQ):

Nasdaq is bullish into a range, telling me to look for buying opportunities using a breakout pullback if it goes higher, and bear traps if it goes lower.

Video Length: 00:23:06

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