Markets are range-bound after today’s CPI and FOMC announcement…
I see (5) clues on the charts tonight, telling me this FOMC TRAP might be our biggest winner of the week!
Look closely at the chart and you’ll see a “news spike”…
Combine that with this afternoon’s trading range and it’s easy to see why this FOMC Trap is my favorite trade for tomorrow!
E-Mini S&P (ES):
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Emini is bullish with a big move higher into a range, telling us to sell bull traps above the highs and buy bear traps below the lows tomorrow morning.
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
Nasdaq is bullish and testing the high of today’s trading range, telling us to short bull traps off overhead resistance, or buy a breakout-pullback if it keeps going.
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