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Back to work – a big week ahead of us!!

Emini and Nasdaq made BIG MOVES down today, telling us that bull traps will make the perfect entries for Tuesday – these (2) are my favorite!

Emini and Nasdaq are bearish with a spike and channel pattern – the key is waiting for the next DEEP pullback so we can trap in some bulls!

Crude Oil is bullish after today’s OPEC surprise – I’m looking for a breakout back to $95, but I’ll gladly short this double-top reversal with a good signal!!
 

E-Mini Nasdaq (NQ):

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The Nasdaq is bearish with a strong move lower today, telling us that sellers will be waiting for opportunities to short the next deep pullback off today’s low.

Keys to Success:

• Bearish Bias, Big Move Down, Spike, and channel
• Sellers want to short the next DEEP pullback
• Buyers want a double-bottom reversal

E-Mini S&P (ES):

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The Emini is bearish, and today’s big move lower tells us that sellers will be waiting for selling opportunities on the next deep pullback…

Keys to Success:

• What’s the most important thing affecting this market?
• What do buyers want?
• What do sellers want?
• What would a breakout look like? Could it snap back?

Crude Oil Futures (CL):

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Crude Oil is bullish after OPEC hinted at a possible supply cut later this month. 

Buyers have control of momentum and will look for a retest of today’s high, then up to $95 from there. 

Sellers would love to get a reversal off the high and a move back to the day’s low.

Keys to Success:

• Mixed Bias, OPEC News (Reversal), Spike, and channel
• Buyers want pullbacks or a breakout going to $95
• Sellers want to hold today’s high and get a reversal back to $85

More By This Author:

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