This Failed Breakout Could Trigger A Massive Squeeze -

This Failed Breakout Could Trigger A Massive Squeeze

Oct 31, 2024Jeremy ParkinsonFinance0

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Another great day today – let’s keep it going!
Emini and Nasdaq are rotating inside a large, multi-day range…“Failed Breakouts” are best in these situations, and this one could trigger a massive short squeeze!Emini and Nasdaq have been wild lately, right?But step back and look wider – you’ll see this is nothing more than one big range…Ranges love to rotate, and these FAILED BREAKOUTS are usually where the biggest money is made!

E-Mini S&P (ES):

Emini is range-bound and price just completed it’s rotation back to range lows. We’re bullish overall, so I’ll be looking for ways to buy bear traps off support levels below the range tomorrow morning.

E-Mini Nasdaq (NQ):

Nasdaq is rotating up and down inside a large range, telling us to focus on the edges of the range; buying low, selling high, using bull and bear traps for entries.

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