These *FOMC TRAPS* Could Be the Key to Profits on Wednesday!
Big day tomorrow, are you ready?
Markets are coiled-up in ranges ahead of tomorrow’s FOMC Announcement, which means breakouts, and FAILED breakouts are where the money will be made…
Bears have control for now, but don’t let THIS TRAP fool you!
Emini and Nasdaq are bearish into ranges, but look WIDER and you’ll see why this bear trap could be one of the easiest trades tomorrow!
Crude Oil is bullish into a range with buyers trying to force a breakout higher – they better act fast, because sellers will be looking for a reversal!
E-Mini Nasdaq (NQ):
The Emini is bearish into a range, telling us that sellers will be looking for breakouts going lower, or buyer failures to sell above the highs.
Keys to Success:
- 2-day situation, Strong move down, bear range.
- Bears want a breakout lower, or a reversal above the range
- Bulls want a run back to today’s high
E-Mini S&P (ES):
The Nasdaq is bearish into a spike and channel, telling us that sellers will be looking for entries at resistance above, or range breakouts below.
Keys to Success:
- 2-day situation, Bear Range, Spike and channel
- Bears want a breakout lower, or entries off resistance overhead
- Bulls want a reversal back to the highs
Crude Oil Futures (CL):
Crude Oil is bullish into a range, but we’re trading near recent highs, telling us that buyers need a strong breakout or sellers will likely go on the attack!
Keys to Success:
- 2-day situation, strong move higher, bull range
- Bulls need a strong breakout higher
- Bears want a reversal off the high, or a breakout going lower.
