This FOMC REVERSAL Could Be EASIEST MONEY All Week!
FOMC is behind us – let’s find some trades!
Markets are range-bound after Powell’s announcement this afternoon – so you know I’m excited for tomorrow!
I love ranges because the strategy is so easy – keep these (2) reversal patterns on your radar, and be ready for a Breakout!
Emini is bullish into a range – buyers will be looking for reversals off the lows, and breakouts to new highs!
Nasdaq is bearish into a range – sellers will be looking for reversals off the highs, but the 60minute tells us to be ready for a bull breakout too!
E-Mini S&P (ES):
Emini is bearish as price rotates off the high of today’s trading-range.
Sellers will be looking for bull traps on the way down, and buyers will look for reversals off the lows.
E-Mini Nasdaq (NQ):
Nasdaq is bearish with sellers trying to finish a rotation off the high of today’s range.
Sellers will look for shorts on the way down, followed by breakout-pullbacks if they can keep it going. Buyers will look for reversals off the low.
