5 Set-Ups For Trading Fed Day

 

With tomorrow’s FOMC announcement just around the corner, we know tomorrow morning’s session will be shorter than normal, and we need to make every opportunity count – are you ready?

Crude Oil has to Navigate Multiple Ranges Tomorrow…

Crude Oil is bullish and trading inside multiple ranges this evening, both of which tell me to look for buy setups using seller-failures below the range…

But since each range is different, choosing the correct entry pattern will be our biggest challenge, so I’ll be paying close attention to the momentum we see on the next pullback to determine the right timing for the entry.

E-Mini S&P Says to Buy Low, Sell High, Avoid the Middle…

E-Mini S&P is bullish into a range this evening, which tells me to look for buy setups using failure patterns underneath the range on Wednesday morning…

I can also see an expanding triangle on the chart, which opens the door for a much deeper pullback off today’s high, and if so, I need to switch my entry pattern to a more reliable “nested” failure instead.

Nasdaq Sellers Want to Re-Test Before the Rally…

Nasdaq is bullish and trying to make its way back up into the range from earlier this morning, which tells me to look for buy setup using seller-failures down below the range…

I can also see the potential for another leg lower as well, and if so, we have the low of the expanding triangle as key support, and I’ll use that “nested” failure pattern to buy it back up again.

Gold Traders will Love Using this Triangle…

Gold is trading sideways inside a triangle/range this evening, which tells me to buy low, sell high, and avoid the middle tomorrow morning…

And since tomorrow is “Fed Day”, I need to stay patient, because Gold is often choppy ahead of the announcement, so I need to take only the best set-ups.

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