This Bull Trap Could Be A Huge Payday -

This Bull Trap Could Be A Huge Payday

Jun 18, 2024Jeremy ParkinsonFinance, No picture0

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Wow, charts look great ahead of the holiday!
Markets may be closed tomorrow, but I’ll be looking for this BULL TRAP when we re-open on Thursday morning!I see (3) clues on the charts tonight – Big move yesterday, shallow pullback today, and a beautiful trading-range…Put those clues together and we have a recipe for an easy BULL TRAP!

E-Mini S&P (ES):

Emini is bullish with buyers trying to complete their pendulum-swing off a shallow pullback this morning.

We still haven’t seen any deep pullback off this recent BIG MOVE higher, so I’ll be looking for bull traps to short after the holiday tomorrow.

E-Mini Nasdaq (NQ):

Nasdaq is bullish overall, but after a big move higher yesterday, and this range today, I’ll be looking for bull traps to sell off the high!

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