Buyers took control of momentum this afternoon, and I have a Breakout-Pullback on my radar tomorrow…
But don’t forget that big move down last week – the higher we go, the more likely this Double-Top Reversal could be a HUGE payday!
Emini and Nasdaq are bullish after a range breakout, which is why I’m looking for a Breakout-Pullback into key resistance…
Speaking of “Key Resistance” – these (2) price levels are where I’ll be looking for that reversal back to major lows!
E-Mini S&P (ES):
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Emini is bullish after buyers finally entered the market this week, but the higher we go, the more likely sellers will be waiting to re-enter the market for another leg lower!
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
Nasdaq is bullish as it “rotates” off the low of today’s range, and I’ll be looking for a breakout-pullback off the highs of that range tomorrow morning.
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