This *FOMC REVERSAL* Could Easily 10X Tomorrow!
FOMC tomorrow, let’s do this!
Markets are bullish going into FOMC, and major resistance tells us to wait for DEEP pullbacks for the best spots to get long…
While we’re waiting for the pullback, I’ll be looking for this Crown Reversal pattern because it might be one of the best trades of the week!
Emini and Nasdaq are bullish, but trading into major resistance – I’ll be waiting for deep pullbacks, hoping I can grab this Crown Reversal on the way down!
Crude Oil is bullish and trying to finish rotation of the weekly range – buyers are looking for bear traps higher, while sellers wait for reversals off the highs!
E-Mini S&P (ES):
Emini is bullish, trading at recent highs, with a range below us.
Sellers will likely be looking for reversals back into the range below, while buyers look for deep pullbacks to avoid buying too close to the major objective at 54.25.
Keys to Success:
- Bull Bias, Range Breakout, Major Resistance Above
- Up: Sell Reversals, Buy Deep Pullbacks
- Down: Buy Bear Traps, Sell Reversals
E-Mini Nasdaq (NQ):
Nasdaq is bullish with a strong move higher, but it’s hard to justify buying just below major resistance levels overhead.
Sellers will be looking for reversals, while buyers wait for deep pullbacks to get in as low as possible.
Keys to Success:
- Bull Bias, Strong Move, Major Resistance
- Up: Sell Reversals, Buy Deep pullbacks
- Down: Sell Reversals, Buy Bear Traps
Crude Oil Futures (CL):
Crude Oil is bullish with a strong rotation off the low of last week’s range.
Buyers will be looking for bear-trap entries on the way up to major targets overhead, while sellers look for reversals back into the range below us.
Keys to Success:
- Bear Bias, Bullish Rotation, Resistance overhead
- Up: Buy bear traps & deep pullbacks. Sell reversals
- Down: Sell Reversals, Buy Bear Traps
