We finally got our 2-leg pullback this morning and buyers will be looking for these BEAR TRAPS to get in before we retest weekly highs!
Emini and Nasdaq are trying to *rotate* back to recent highs, but sellers are likely waiting above resistance overhead…
So instead of chasing it higher, I’ll be looking for BEAR TRAPS to *run the stops* and fuel the move higher!
E-Mini S&P (ES):
(Click on image to enlarge)
Emini is bullish and buyers are trying to complete their pendulum-swing rotation off the low of the weekly range, and continue with a breakout higher!
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
Nasdaq is bullish after completing it’s 2-leg pullback off weekly highs, and buyers will be looking for bear traps to get in before we retest major highs!
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