This 10x Reversal is the BIGGEST Trade for FOMC!
Finally – FOMC is Here!!
Tomorrow is “Fed Day”, which means our window of opportunity will be smaller than usual – but that’s OK, because this 10x reversal is the only trade you’ll need!
Emini and Nasdaq are both bullish into ranges tonight – breakouts are definitely on the menu for tomorrow, but the BIG MONEY’s made on these (3) reversals!
Crude Oil is bearish, and we finished today with one of the biggest “hidden” clues we’ve seen all week – might as well be a neon sign that says “best entry is here!”
We don’t have a lot of time tomorrow, so let’s make these trades count!
E-Mini S&P (ES):
Emini is bullish, but can buyers hold these highs?
The Emini is bullish as buyers held yesterday’s pullback and traded sides with the bears up around the pendulum-swing resistance from yesterday’s range.
Buyers have control of momentum, but they don’t have many options until we see a breakout through the highs of today’s nasty range.
Sellers have more options right now. They can sell into failures off range highs, sell the rotation lower, and sell the breakout going back to yesterday’s major lows.
Keys to Success:
- Bullish into a range with sellers looking for a rotation lower
- Buyers need a breakout, or wait to buy pendulum-swing support
- Sellers want to short the range high, the rotation lower, and the breakout!
- Wide open space on both sides for a breakout, we just need some proof!
E-Mini Nasdaq (NQ):
Nasdaq trades sideways ahead of FED tomorrow
Nasdaq is bullish and trading sideways in a range, suggesting that traders are waiting for tomorrow’s highly-anticipated FOMC Announcement.
Buyers have control of momentum, but they need to wait for a breakout before they can start buying again.
Sellers have more options. They can sell breakout failures above the range, sell the rotation off the highs, and the breakouts going lower.
Keys to Success:
- Bullish into a range, waiting for a breakout (and a failure!)
- Buyers need a breakout higher, beware buying range lows
- Sellers want to sell breakout failures off the high, sell the rotation low, and the breakout back to major lows
- Plenty of space for breakouts on both sides.
Crude Oil Futures (CL):
Crude Oil Rolls Over, But Buyers Won’t Go Away!
Crude Oil is bearish, but recent price-action suggests they haven’t been able to finish off the buyers yet.
Sellers have momentum on their side, but this recent rejection of this morning’s low tells us that bears will be looking for shorts at resistance levels above the range, along with breakouts going lower.
Buyers are in a tough spot right now. Momentum is too bearish to buy into this move lower, and a reversal going higher just puts up back at major resistance.
Buyers need to breakout through the highs on strength, or buy off yesterday’s major lows.
Keys to Success:
- Bearish, but look how sellers failed that recent retest!
- Sellers want entries off range highs, or breakouts going lower
- Buyers need to stay patient, wait for a breakout
- Bear breakouts are easy, not so much for bulls!
