(3) Ways to Trade the FOMC BOUNCE on Wednesday!
Woah, what a move!!
Today’s big move down gives us all the info we need to find winning trades tomorrow.
The key is using these (3) important clues to trade the FOMC Bounce!
Emini and Nasdaq are bearish with large moves lower, telling me this FOMC Bounce is easily my favorite trade before the announcement!
Crude Oil is bearish into major support – I’d love to grab a crown reversal off these lows, then trap in buyers up around resistance overhead!
E-Mini S&P (ES):
Emini is bearish after a large move down today, telling us that sellers will be looking for a way to retest today’s major low.
The overall trend is still quite bullish, so expect to see buyers looking for bear traps and reversals off the lows.
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a big move down today, telling us to expect sellers to look for a retest of today’s low.
Keep in mind, we’re still overall bullish, and it’s easy to see why buyers might see this as a fantastic buying opportunity ahead of FOMC tomorrow afternoon.
Crude Oil Futures (CL):
Crude Oil is bearish with a strong move lower, sitting on major support tells us buyers will be looking for reversals off the lows while sellers wait for a breakout-pullback to short back down again!
