Markets are range-bound going into the last day of November, which means Breakout TRAPS are likely where the EASY MONEY’s gonna be tomorrow!
E-mini and Nasdaq are bearish into ranges – I’m definitely looking for breakouts going lower, but let’s hope we get this BULL TRAP first!!
Crude Oil is bullish into a range – buyers will be looking for breakouts going higher, but I’ll be watching for a BULL TRAP if they fail off the highs!
E-Mini S&P (ES):
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The Emini is bearish, but sellers appear to be struggling around the pendulum-swing support, telling us to expect a rotation back to range highs.
E-Mini Nasdaq (NQ):
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The Nasdaq is bearish into a range, telling us that sellers will be looking for entries off resistance levels above, or breakouts below.
Crude Oil Futures (CL):
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Crude Oil is bullish, with buyers trying to complete a pendulum-swing back up to the highs, where it’s safe to assume sellers will be looking for reversals back down again.
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