This Fakeout Breakout Could Be Easy Money On Tuesday -

This Fakeout Breakout Could Be Easy Money On Tuesday

Aug 05, 2024Jeremy ParkinsonFinance, No picture0

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Weekend’s over… let’s make some money!
We have (2) easy clues on the charts tonight – a big move down and a bullish range.Put those clues together, and it’s easy to see why this Fakeout Breakout could be easy money tomorrow morning!The 60 minutes tells another important story – this recent range breakout is BEGGING for a breakout-pullback…And surprise, the 60-minute breakout pullback lines up perfectly with this Fakeout Breakout trade too. Don’t miss this one!

E-Mini S&P (ES):

Emini is bearish overall, but bullish into a trading-range. This tells us to expect buyers to breakout higher so we can sell bull traps back down into the range again!

E-Mini Nasdaq (NQ):

Nasdaq is bearish with a big move down over the last couple of trading days. Sellers don’t want to “sell low” so we expect a 2-Leg Pullback to allow sellers to get in at higher prices this week.

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