This Bear Trap Could Be Your Biggest Trade Of The Week
Excited for tomorrow, you should be too!
Markets tumbled lower this afternoon, but there’s something about this reversal that smells like a BEAR TRAP!
Keep these (3) reversal setups on your radar tomorrow – this could be your biggest trade of the week!
E-mini and Nasdaq are bearish after a big drop this afternoon, but I see (2) reasons why this is likely just a bear trap – don’t sell short until you watch!
Crude Oil is bullish and trying to punch thru overhead resistance – I’m watching for a Crown Reversal, and (3) breakout patterns tomorrow!
E-Mini S&P (ES):
Emini is bearish into a range, but it’s hard to tell if today’s move lower is a breakout-pullback of last week’s range, or a full-blown reversal!
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
Nasdaq is bearish into a range after today’s breakout lower, but we’re sitting on major trend-line support on the 60m telling us this might be nothing more than a pullback in the overall bullish trend.
Crude Oil Futures (CL):
Crude Oil is bullish and trying to break thru major resistance overhead. Buyers will be looking for breakouts, while sellers look for reversals off the high.
Video Length: 00:36:37
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