Days like today tell us there are (3) easy ways to make money on Wednesday…
And if we’re lucky, we’ll get my favorite “range” trade as well!
Emini and Nasdaq just keep pushing lower this week, telling us that a 2-leg pullback is likely coming tomorrow…
Situations like these give us plenty of ways to make money, but these TRAPS are by far my favorite!
E-Mini S&P (ES):
(Click on image to enlarge)
Emini is bearish with a *Pop & Grind* move lower, telling us that buyers will be looking for ways to buy the bounce up into channel highs, where we assume sellers will be waiting for a run back to recent lows.
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
The Nasdaq is bearish and just broke below this afternoon’s trading range. Buyers will be looking for bear traps to get long during the rotation of the low, while sellers stay patient for shorts off resistance above the range.
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