Markets bounced higher today, and I see (3) reasons why this Bull Trap might be our EASIEST winner all week!
Markets are bearish overall, so this big move higher today might be the perfect opportunity to get short…
But we can’t rush the entry – stay patient, and keep these (2) Bull Trap patterns on your radar!
E-Mini S&P (ES):
Emini is bearish overall, and today’s strong move higher tells us sellers will be looking for ways to sell Bull Traps back down into the range below!
E-Mini Nasdaq (NQ):
Nasdaq is bullish with a strong rotation higher, but with a range waiting below us, it’s safe to assume sellers will be looking for reversals back down again!
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.