This FOMC BREAKOUT Could Easily 15X Tomorrow!
‘Reaction’ Thursday Tomorrow – Let’s Go!
Everything’s bullish after today’s Fed Announcement, and big moves like these tell us to look for RANGES tomorrow…
Ranges are easy if you know how to trade them – the key is waiting for a breakout, then do the OPPOSITE of what your instincts tell you!
Emini and Nasdaq made big moves higher today – I can’t chase the market higher, so I’m waiting for “bear trap” pullbacks, and failed range breakouts!
Crude Oil is bearish into a range, but look closely and you’ll see why this ‘fake-out breakout’ BEAR TRAP is my favorite trade for Thursday!
E-Mini S&P (ES):
Emini is bullish with a strong breakout higher after today’s FOMC, telling us that buyers will be waiting for opportunity to “buy the dip” tomorrow.
Keys to Success:
- Bull Bias, Strong Move, Range Rotation
- Up: Buy Breakouts, Sell Double-top Reversal
- Down: Buy Seller failures, Sell Reversals
E-Mini Nasdaq (NQ):
Nasdaq is bullish with a strong move that’s retested the high. Now we wait for a breakout higher, a range to develop, or a deep pullback to attract more buyers.
Keys to Success:
- Bull Bias, Strong Move Retested
- Up: Buy Breakout-pullbacks, Sell Double-top Reversal
- Down: Buy Seller failures, Sell Reversals
Crude Oil Futures (CL):
Crude Oil is bearish into a range, but we’re sitting on major support, telling us that sellers need to hold this area or we’ll likely snap higher tomorrow.
Keys to Success:
- Mixed Bias, Major Support, Bear Range
- Up: Buy the Reversal, Sell Bull Traps
- Down: Buy Bear Traps, Sell Breakouts
