US Markets are throwing out some very bullish signals

While I am personally trading the SPY due to it's great stock and options liquidity there have been a number of great bullish signals being through in multiple index and futures markets. Today I focus on the NASDAQ 100 futures and point out a nice inside bar/2 bar reversal pattern that as already broken out to the upside as well as an inside bar/ false break pattern that is currently forming in the daily. I will be watching where the markets are going into the close but a pinbar does end up forming on the /YM futures I believe that could set us up for our next bullish move. As always with price action, price must break out of the pattern before it is confirmed. In the case of the inside bar/ false break pattern, if we do end the day with that pattern then a breakout of the inside bar pattern would still need to occur for this new signal to be trad-able. Those who jump in early to make a few extra bucks are doing so at the risk of a far less probably trade. When the patterns do break out the probably of success goes way up.

Comment:

Just sold QQQ puts @ 168 after big selloff