Selling the Pops – Best Setups for “Reaction” Thursday
We survived the FOMC Report this afternoon, and with Fed Chair Powell stating that low rates and easy money would continue into 2022, it’s no surprise to see markets popping higher into today’s close…
But tomorrow’s a different story, and as professionals re-enter the market we know that many of them will be looking to “sell into this pop”, and I want to make sure you’re ready to capitalize – let’s go…
E-Mini Bears Keep Selling the Pops…
E-Mini S&P is bearish and trading at the lows of today’s range, which is the last place I want to start selling; I’d rather wait patiently and keep selling into pops, because if you look at the chart, that’s where the professionals are hanging out…
Crude Oil Bulls Have Control, But Will it Last?
Crude Oil is bullish after a 123-Reversal sent prices racing higher into FOMC, but look closely and you can see today’s session finished on weakness, which tells me to look for opportunities to “sell this pop” going back to the range where the move started…
Gold Screams Higher, I’m Looking for Entry…
Gold is bullish with a strong spike higher, and with the Fed committing to additional stimulus, combined with plenty of open space to run higher, I’m looking for buy setups off the low of two important channels I’m watching for Thursday…
