This Range Reversal Could Crash The Entire Market -

This Range Reversal Could Crash The Entire Market

Oct 07, 2024Jeremy ParkinsonFinance, No picture0

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We have a lot to talk about tonight!
We got the breakout pullback to finish week last Friday, which was awesome…But buyers failed to hold above last week’s range, and price is now rotating down off the highs… a nightmare scenario for the bulls!The 60min chart is screaming reversal right now… are you seeing this?Combine that with this strong breakout lower on the tick charts, and it’s easy to see why this range reversal could bring the entire market down with it!!

E-Mini S&P (ES):

Emini is bearish with a strong range breakout lower, so I’ll be looking for ways to sell a breakout pullback tomorrow morning!

E-Mini Nasdaq (NQ):

Nasdaq is bearish, and this strong range breakout tells me to look for selling opportunities using a breakout pullback tomorrow morning!

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