January 31, 2023

These FOMC PULLBACKS Could Be EASY MONEY on Wednesday!!



FOMC is tomorrow – Here’s the Plan!

Everything’s bullish going into FOMC tomorrow afternoon, and everyone’s looking for pullbacks before we retest last week’s highs…

Where’s the best entry?  These (2) channels tell us where to look, and these (4) pullback setups will help you time the perfect entry!

Emini and Nasdaq are bullish after today’s reversal – watch for ranges to develop overnight, and keep these (3) pullback setups on your radar!

Crude Oil is bullish too, but buyers are struggling – keep these (3) breakout patterns on your radar, and be ready for this bear trap as well!



E-Mini S&P (ES):

The Emini is bullish with a strong run higher today, telling us that buyers will be looking for pullback entries before we reach the major objective at 4109.25 overhead.

Keys to Success:

  • Bull Bias, Strong Move Higher
  • Up: Buy Pullbacks, Sell Double-top Reversals
  • Down: Buy Seller failures, Sell Reversals

E-Mini Nasdaq (NQ):

Nasdaq is bullish with a ‘Pop & Grind’ move running higher, telling us that buyers will be looking for pullbacks around the lows of the channel.

Keys to Success:

  • Bull Bias, ‘Pop & Grind’, Ranges
  • Up: Buy Pullbacks, Sell Double-top Reversals
  • Down: Buy Seller failures, Sell Reversals

Crude Oil Futures (CL):

Crude Oil is bullish with buyers trying to complete their retest of today’s high.  Buyers will be looking for breakouts higher, or deep pullbacks to trap in sellers tomorrow morning.

Keys to Success:

  • Bull Bias, Strong Move higher, Failed Retest?
  • Up: Buy Breakouts, Sell Double-top Reversals
  • Down:  Buy 2-try failures, Sell Reversals


    schooloftrade

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