Markets just made a strong pop higher into the close this afternoon…
Combine that with a very bearish 60min chart, and it’s easy to see why this Bull Trap might be our easiest winner of the week!
Keep in mind… Bull Traps come with lots of variations to them…
Here are (3) of my favorite Bull Traps… #2 is my favorite!
E-Mini S&P (ES):
Emini is bearish into a range so I’ll be looking for ways to sell Bull Traps going back into that range tomorrow morning!
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a strong move down on the 60minute timeframe, telling me to look for selling opportunities using a 2-Leg Pullback tomorrow morning!
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