Markets just squeezed higher for 2 straight days, which gives us a TON of opportunity on Friday…
But out of all the possibilities – this *Bear Trap into Reversal* is my favorite. Don’t miss this one!
Emini and Nasdaq both made BIG MOVES higher over the last 2 days, which is the only clue we need…
Big moves give us plenty of trading opportunities, but these (4) setups are what I’ll be looking for tomorrow!
E-Mini S&P (ES):
(Click on image to enlarge)
The Emini’s bullish after a massive short-squeeze the last 2 days, which tells us buyers will be looking for a 2-leg pullback and a retest of today’s high.
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
Nasdaq is bullish into a spike and channel, telling us that buyers will be looking for entries down at the “base” of that channel tomorrow morning!
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
