This Reversal Could Be An Easy Payday -

This Reversal Could Be An Easy Payday

Jul 11, 2024Jeremy ParkinsonFinance0

Image Source: Pixabay

Woah, what a bloodbath today!
Everyone’s confused after markets sold-off after such a bullish CPI Report today…But don’t worry – the charts look beautiful tonight, and this Range Reversal could be our easiest win of the week!Markets made a strong move down into a trading-range today…Put those 2 clues together – strong move, range – and it’s easy to see why this range reversal might be the biggest win of the week!

E-Mini S&P (ES):

Emini is bearish into a range after a big move lower, telling us to trade this range rotation – buying low, selling higher, fade the breakouts.

E-Mini Nasdaq (NQ):

Nasdaq is bearish into a range in an overall bull market so I’ll be looking to short bull traps off the highs, and buy bear traps off the lows, trading the rotation back and forth.

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