This Snap Back Trade Could Make Your Entire Week

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Oct 26, 2023 at 11:04 PM EDT

Markets are range-bound, and tomorrow’s a Friday. Put those 2 clues together and you get the recipe for the perfect SNAP BACK setup to finish the week!

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One day left – let’s finish strong!

Markets are range-bound, and tomorrow’s a Friday…

Put those 2 clues together and you get the recipe for the perfect SNAP BACK setup to finish the week!

Emini and Nasdaq are range-bound going into Friday and we’re filtering the SNAP BACK trade based on the 60minute momentum…

E-Mini S&P (ES):

(Click on image to enlarge)

Emini is bearish with two ranges on the chart, telling us to expect price to rotate back and forth between the two. The plan is to buy low, sell high, and trade the rotation back and forth.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is bearish into a range, so the plan is to trade the rotation back and forth – buy low, sell high, and focus on failures around the edges of the range.

Video Length: 00:26:03

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