This Bull Trap Could Be Our Biggest Win For This Week -

This Bull Trap Could Be Our Biggest Win For This Week

Dec 03, 2024Jeremy ParkinsonFinance0

Image Source: PixabayMarkets are range-bound and running into resistance above today’s range…Ranges act like magnets, so until we see more conviction going higher, I’ll be looking for these (2) Bull Traps going back into the range below us!I love the idea of a breakout pullback tomorrow morning…But all this resistance overhead tells me one of these (2) Bull Traps could be our biggest win of the week!

E-Mini S&P (ES):

Emini is bullish into a range and buyers just completed their pendulum-swing rotation higher.

Sellers will be looking for a bull traps to short up here, while buyers look for another leg higher and breakout-pullback tomorrow morning.

E-Mini Nasdaq (NQ):

Nasdaq is bullish with a big move higher after a recent range breakout.

Big moves tell us to buy a 2-Leg Pullback, and that previous range is begging for a breakout pullback.

Knowing this, I’d love to sell a bull trap during the 2-Leg Pullback, then buy the breakout-pullback after the 2-Leg Pullback is completed.

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