These (2) Reversals Could Make Your Entire Week

Wow, what a day – excited for tomorrow!

Markets are gearing up for more corporate earnings tomorrow, and the charts tell us these (2) REVERSALS could be some of the best trades of the week!

E-mini is bearish and Nasdaq is bullish, but they BOTH tell us to look for reversals in (2) KEY LOCATIONS on Thursday!

Crude Oil is bearish into major support, and I’d love to grab a bear trap off the lows, then dump it back down with a breakout pullback!

E-Mini S&P (ES):

(Click on image to enlarge)

Emini is bearish after a strong range breakout going lower.Sellers will likely be looking for a breakout-pullback off the lows of the range, while buyers try for a pendulum-swing reversal going higher!

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is bullish into a range, telling us that buyers will be looking for breakouts higher, while sellers look for reversals off the highs.

We still haven’t retested yesterday’s low yet, which will be an excellent place for a reversal back into the range, or a breakout lower.

Crude Oil Futures (CL):

(Click on image to enlarge)

Crude Oil is bearish with a strong run lower, telling us that sellers will be looking to “short the bounces” tomorrow morning.

We’re also sitting on quite a bit of support, giving buyers a chance to buy the bounces using bear traps.

Video Length: 00:32:24

More By This Author:

These 3 Stop Runs Could Trigger Biggest Winners Of The Week
These CPI Reversals Could Easily 15x Tomorrow
This Bear Trap Breakout Could Be Easy Money On Tuesday

Disclaimer: Join our Free Trading Course. Joseph James, and United Business Servicing, Inc. are not ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.