These BEAR TRAP BREAKOUTS Could Be EASY MONEY Before of FOMC!
Back to work… let’s make some money!
Markets are bullish ahead of FOMC, and today’s ranges tell us that *bear trap breakouts* are likely where the EASY MONEY will be made tomorrow!
Emini and Nasdaq are bullish, trying to retest last week’s high – I’m watching for breakouts going higher, but let’s hope we get these (2) bear traps first!
Crude Oil is bullish in the short-term, bearish overall – I’d love to grab a *bear trap breakout* going higher, then flip into a reversal off the high!
E-Mini S&P (ES):
Emini is bullish and trying to retest last week’s high at 4009.25.
Buyers will be looking for breakout entries going higher, or bear traps off support levels below the range tomorrow morning.
Keys to Success:
- Bull Bias, Strong Move, Range Rotation, Measured pullback
- Up: Buy Bear Traps & Pullbacks
- Down: Buy Bear Traps, Sell Reversals
E-Mini Nasdaq (NQ):
Nasdaq is bullish and trying to retest last week’s high at 12811.25.
Buyers will be looking for “bear trap” breakouts going higher, along with seller failures on deep pullbacks off the high.
Keys to Success:
- Bull Bias, Strong Move, Range breakout
- Up: Buy Bear Traps & Pullbacks
- Down: Buy Bear Traps, Buy Double-bottoms
Crude Oil Futures (CL):
Crude Oil is bearish overall, but buyers are trying to complete a rotation off the low back to the $70 area tomorrow morning.
Buyers will be looking for bear traps on the way higher, then reversals to sell price back down into the range afterwards.
Keys to Success:
- Bear Bias, Strong Moves Retested, Range Rotation
- Up: Buy Bear Traps, Sell Reversals
- Down: Buy Seller failures , Sell Breakouts
