SQUEEZE ALERT!! This *FOMC* Squeeze Could Be Biggest Trade of Week!!
Here we go, FOMC comin’ in HOT!!
Markets are bearish going into FOMC – sellers are waiting for the next deep pullback, but if they fail… this short squeeze could be the best trade of the week!!
Emini and Nasdaq are bearish into ranges – sellers are looking for shorts above range highs, but this “rotation off the low” gives buyers a huge opportunity for a massive squeeze!!
Crude Oil is bearish and sellers just retested today’s low – now we wait for “bull traps” above recent highs for another leg lower!!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a range – sellers will be looking for shorts at resistance above the range, while buyers are looking for a reversal.
Keys to Success:
- Bearish into a range, rotation off the low
- Sellers want to sell resistance levels above the range, or breakouts below
- Buyers want a reversal, either off the lows, or a breakout higher.
E-Mini S&P (ES):
The Emini is bearish, but this rotation off today’s range may give buyers a reversal!
Keys to Success:
- Bearish into range, rotation off the low
- Sellers want shorts off resistance above the range, or breakouts lower
- Buyers want a breakout higher, or a double-bottom reversal off lows.
Crude Oil Futures (CL):
Crude Oil is bearish with a strong move down that just retested – now we see if buyers will get a reversal, or if sellers can hold the next pullback!
Keys to Success:
- Strong move down, already retested
- Buyers want a bounce reversal higher
- Sellers want to defend the next pullback with another leg lower
