Trade the Fed! 6 Ways to Profit on Friday

One more day left this week, let’s make it count!

With some “fresh blood” in the markets after today’s big drop, and the Fed Speaker scheduled for mid-morning, I’m excited to finish the week with some more big moves tomorrow morning…

Everything looks great for the short-side tonight;  both the Eminis are bearish into ranges, and even though Gold has a recent spike higher, we’re sitting in the PERFECT place to get short back to the lows…

Remember – Friday’s have a little different personality and overall gameplan, so make sure you watch tonight’s video.  The plan is set and ready, all I need is you!

E-Mini S&P (ES):

E-Mini Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Sellers have control into a range this afternoon, telling us to look for selling opportunities up at resistance levels above the range itself.
• Sellers would love to see a strong bounce higher so they can sell into stops of the “buy the dip” bulls, or sell a breakout on strength going lower to the Weekend Gap from last Friday.
• Buyers need to stay patient for a 123-Reversal pattern and a change in momentum.

Top 3 Trades for Tomorrow: 

• UP – sell into a buyer failure (or) buy the 123-Reversal
• DOWN – sell the bear breakout
• SIDEWAYS – sit on hands and wait for a bounce or breakout

E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bears have control into a range near the low of today’s session.
• Sellers will be looking for shorts off resistance levels above the range, along with breakouts going lower to finish the pendulum-swing target (and possibly more).
• Buyers need to stay patient for a change in momentum with a 123-Reversal, then they can buy pullbacks off channel lows.

Top 3 Trades for Tomorrow: 

• UP – sell the buyer failure (or) buy the 123-Reversal
• DOWN – sell the 2-try trap (or) buy the Crown reversal
• SIDEWAYS – avoid the range, wait to sell high or buy low.

Gold Futures (GC):

Gold Keys to Success:

• Range Market = Failures, Rotation & Breakouts
• Bears have control into a trading-range, but a recent spike higher gives the bulls a clear opportunity to grab control for a run back to recent highs at 12.20.
• The range below us acts like a magnet, so sellers will be looking for this 2-try failure to trigger short for a pendulum-swing run back lower again.
• Buyers have great momentum and all they need to do is hold this pullback and we can start looking for entries off the low of a channel going higher.

Top 3 Trades for Tomorrow: 

• UP – buy the 123-breakout (or) Sell the buyer failure
• DOWN – sell the 123-Reversal & sell the 2-try trap
• SIDEWAYS – wait for the new range to develop, then buy low and sell high with failures.