This FOMC Breakout Could Easily 15X Tomorrow

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Feb 1, 2023 at 8:14 PM EST

Everything’s bullish after today’s Fed Announcement, and big moves like these tell us to look for ranges tomorrow.

‘Reaction’ Thursday Tomorrow – Let’s Go!

Everything’s bullish after today’s Fed Announcement, and big moves like these tell us to look for RANGES tomorrow…

Ranges are easy if you know how to trade them – the key is waiting for a breakout, then do the OPPOSITE of what your instincts tell you!

Emini and Nasdaq made big moves higher today – I can’t chase the market higher, so I’m waiting for “bear trap” pullbacks, and failed range breakouts!

Crude Oil is bearish into a range, but look closely and you’ll see why this ‘fake-out breakout’ BEAR TRAP is my favorite trade for Thursday!

E-Mini S&P (ES):

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Emini is bullish with a strong breakout higher after today’s FOMC, telling us that buyers will be waiting for opportunity to “buy the dip” tomorrow.

E-Mini Nasdaq (NQ):

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Nasdaq is bullish with a strong move that’s retested the high. Now we wait for a breakout higher, a range to develop, or a deep pullback to attract more buyers.

Crude Oil Futures (CL):

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Crude Oil is bearish into a range, but we’re sitting on major support, telling us that sellers need to hold this area or we’ll likely snap higher tomorrow.

Video Length: 00:38:13

More By This Author:

These FOMC Pullbacks Could Be Easy Money On Wednesday
These (2) Bear Traps Could Be Easy Money On Wednesday
These 3 Bull Traps Could Easily 10x Tomorrow Morning

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