This *FOMC FAKE-OUT* Might Be the Easiest Trade All Week!
FOMC Tomorrow… Let’s Do This!
Big moves today, combined with big news tomorrow, means we have BIG OPPORTUNITIES to trade on Wednesday…
Markets are bearish into ranges this evening, and these (2) two “Fake-Out Breakouts” are likely where the EASY MONEY will be tomorrow!
E-Mini S&P (ES):
The Emini is bearish into a range, telling us that sellers will be looking for shorts off resistance above the range, and breakouts below it.
Keys to Success:
- Bear Bias, Strong Move Down, Range Rotation, Support trend-line
- Up: Sellers will short resistance above, buyers want a reversal
- Down: Sellers want breakouts, buyers want a reversal
- Sideways: sit on hands and wait for a breakout
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a range, telling us that sellers will be looking for entries off resistance above the range, and breakouts going lower.
Keys to Success:
- Bear Bias, Strong Move Down, Range Rotation, Support trend-line
- Up: Sellers want to short the bounce, buyers want to hold the reversal
- Down: Sellers want a breakout, buyers want a reversal
- Sideways: Sit on hands and wait for a breakout!
Crude Oil Futures (CL):
Crude Oil is bullish into a range, but a bearish bias overall, combined with measured-move resistance gives sellers a great chance for a reversal.
Keys to Success:
- Bear Bias, Measured-move, Bullish Range
- Up: Sellers want a reversal, buyers want a breakout
- Down: sellers want a breakout; buyers need a miracle!
- Sideways: sit on hands and wait for a breakout