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This range breakout might be the easiest trade of the week, and this “stop run” could make hitting your targets even easier!

Emini and Nasdaq are bullish with a range breakout – I’ll be looking to “trap in the bears” for an explosive move higher, but don’t forget the failure if it signals!!

Crude Oil is bearish into a range, but are you seeing this new “pop and grind” channel that just formed?  That changes everything!!
 

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

The Nasdaq is bullish after a strong breakout higher this afternoon, but it’s not easy to find good buying opportunities with major resistance overhead and a range below us.

Keys to Success:

• Trading range, Strong breakout higher, resistance overhead
• Buyers want a retest of today’s high, along with breakouts higher
• Sellers want a reversal off this major resistance
   

E-Mini S&P (ES):

(Click on image to enlarge)

The Emini is bullish with a strong breakout higher, but we need to see if buyers can hold this with major resistance overhead and a range below us.

Keys to Success:

• Trading range, Strong breakout higher, resistance overhead
• Buyers want a retest of today’s high, along with breakouts higher
• Sellers want a reversal off this major resistance

Crude Oil Futures (CL):

(Click on image to enlarge)

Crude Oil is bullish with the pop and grinds channel trying to go back to $100 tomorrow morning, but this recent bearish range might be too strong of a magnet!

Keys to Success:

• Bearish into a range, pop, and grind channel, $100 magnet above
• Buyers want a trap off a new channel low or a breakout higher
• Sellers want a reversal of back $95 lows

More By This Author:

Breakout Alert: This ‘Short Squeeze’ Could Be Huge
Reversal Alert, This Short Squeeze Could Easy 15x Tomorrow
Back To Work – Time For The Snap Back!