Holiday’s Over – Let’s Make Some Money!

Markets are bearish and sitting on major support levels, which is the perfect recipe to sell some Bull Traps tomorrow morning…

Keep these (3) setups on your radar, and let’s start 2023 with a bang!

Emini and Nasdaq are bearish with sellers looking to short the bounces and breakouts tomorrow.  Watch this trend-line because it’s the key to the best entries!

Crude Oil is a little tricky – we’re bearish, but sitting at major support, so let’s see if these buyers take it higher so we can trap them in and sell into their stops!
 

E-Mini S&P (ES):

(Click on image to enlarge)

Emini is bearish into a range, telling us that sellers will be looking to short pullbacks above the range, and breakouts below it.

Keys to Success:

• Bear Bias, Bearish Range, Support Trend-line
• Up: Bears want to sell into buyer failures, buyers need a major reversal
• Down:  Sellers look for breakouts on strength
• Sideways:  Sit on hands and wait for a breakout
   

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

The Nasdaq is bearish with a “pop and grind” run lower, telling us that sellers will be looking for a retest of the lows, and a breakout lower.

Keys to Success:

• Bear Bias, Strong Move Retested, Support Trend-line
• Up: Bears want to short a buyer failure, buyers need a strong reversal
• Down: Bears want a trap entry before the retest, or a breakout lower.
• Sideways: Sit on hands and wait for a breakout
   

Crude Oil Futures (CL):

(Click on image to enlarge)

Crude Oil is bearish with a “pop and grind” move lower, telling us that sellers will be looking for shorts off resistance levels overhead.

Keys to Success:

• Mixed Bias, Bears Control, Hidden channel, Major Lows
• Up: Bears want to sell buyer failures off resistance, buyers need a strong reversal
• Down:  Buyers need a crown reversal; Sellers look for a breakout
• Sideways: sit on hands and wait to short a breakout

Video Length: 00:38:18 

More By This Author:

These Two Traps Are The Key To Making Money On Wednesday
This Bear Trap Pullback Could Be Easy Money Ahead Of Election
These FOMC Traps Could Be The Key To Profits On Wednesday