This *FOMC REVERSAL* Might be the Easiest Money All Week!!
‘Reaction’ Thursday – let’s do this!!
With FOMC behind us, tomorrow could easily be the best trading day of the week…
Markets are bearish overall, and we expect sellers to short the bounces – but “look bigger” and you’ll see why this “Crown Reversal” might be the easiest trade of the week!
Emini and Nasdaq are bearish with strong moves lower, but look back in time, and you’ll quickly see why sellers may have a tough job ahead of them!
Crude Oil is bullish, setting up for a beautiful “slingshot breakout”, but I hope sellers take it lower first, because this bear-trap is my favorite for tomorrow!
E-Mini Nasdaq (NQ):
The Emini is bearish with a strong run lower this afternoon. Sellers will be looking for entries on the next deep pullback, but we’re back to last week’s lows, telling us buyers will likely see this as a “buy the dip” opportunity.
Keys to Success:
- Low of last week’s range, strong move down
- Bears want a pullback and a retest of the low.
- Bulls want a v-bottom reversal, or double-bottom reversal.
E-Mini S&P (ES):
The Nasdaq is bearish with a strong run lower, but just like the Emini, we’re sitting on last week’s major lows, just begging for a reversal!
Keys to Success:
- Weekly Range Lows, strong move down
- Bears want to sell the next deep pullback
- Bulls want a reversal off these lows
Crude Oil Futures (CL):
Crude Oil is bullish into a range, telling us that buyers will be looking for bear traps off support levels below it, and breakouts going higher.
Keys to Success:
- Spike and channel, Bull range, range rotation
- Bulls want bear traps off the lows, and breakouts to new highs
- Bears need a strong break lower and HOLD the reversal. Not easy!
