Trading the Election Chaos (FOMC Trading Plan)

Things are getting interesting this week, aren’t they?  The Presidential Election may have been on Tuesday, but we still don’t know who will be declared the winner.  That means more volatility and plenty of opportunities in the markets this week…

And let’s not forget about the FOMC Announcement tomorrow afternoon, because it forces traders to make the most of the morning session, which is sure to be an exciting one.  I’m excited for Thursday, here’s my plan…

E-Mini Buyers Need to Hold This Pullback, or back to 3370…

E-Mini S&P is bullish into a range this evening, which means we’ll continue looking for buy setups at key support levels (such as the pendulum swing) below the range tomorrow morning…

Crude Oil Wants $40, But the Bulls Have to Break This Resistance Area First…

Crude Oil is bullish and trying to break free of today’s range.  With bulls in control, I’m looking to buy seller failures the low of a channel, or bull breakouts on strength as we make our way up to 40…

This Wide Range on Gold Says Be Patient Around the Edges…

Gold is bullish and trading back and forth inside a wide trading-range.  The range tells us to look for buy setups at support levels below the range, but the size of the range tells me to look for “nested” failure patterns to avoid getting run over by the sellers…