Tesla and Netflix just reported earnings and the market’s crashing…
But wise traders know, this is the correction we’ve all been waiting for – think twice before you sell, because this BEAR TRAP could be massive!
E-mini and Nasdaq are both crashing overnight, but have you seen the 60-minute? We’re ALMOST testing one of my favorite “Bear Trap” Zones!
E-Mini S&P (ES):
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E-mini is bullish into a range, so everyone’s looking to buy Bear Traps off support levels below the range tomorrow morning.
E-Mini Nasdaq (NQ):
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Nasdaq is a bit more bearish after earnings this afternoon, and it’s safe to assume buyers will be a bit more patient using a Crown reversal off a multi-day channel as support below us tomorrow morning.
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