My Favorite Trades For FOMC – Are You Ready?

Video Length: 00:45:00

We’re heading into FOMC Day on Wednesday, which means our window of trading opportunities will be a bit smaller.

But not worry – because today’s range-bound markets give us plenty of opportunities to catch breakout traders on the wrong side of the market…

Where’s the best place to look for entries? Let me show you…

E-Mini S&P (ES):

(Click on image to enlarge)

E-Mini Keys to Success:

  • Emini is bullish and rotating off the lows of Monday’s trading-range trying to complete a ‘pendulum swing’ rotation back to new all-time highs.
  • Buyers will be looking to buy pullbacks around the lows of the range, or breakouts on strength going to new highs.
  • Sellers can look for shorts using crown reversals off the range highs or wait for a 123-Reversal going lower.

Best Trades for Tomorrow: 

  • [UP] – 2-try trap to buy (or) nested failure to sell
  • [DOWN] – nested failure to buy (or) 123-breakout to sell
  • [SIDEWAYS] – sit on hands, wait to buy low with seller failures

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq Keys to Success:

  • Buyers were waiting to buy the pullback today but with such a strong run lower the sellers were just too much for the buyers to make a run back to the high, finishing the day with a bearish trading-range.
  • Buyers will be looking for more buying opportunities below the trading-range or with a bull breakout going back to the highs.
  • Sellers have a tough job tomorrow. They can’t really sell if the price rises higher, and they’re going to see a lot of buyers if we move below this range.

Best Trades for Tomorrow:

  • [UP] – 2-try trap to buy (or) nested failure to sell
  • [DOWN] – nested failure to buy (or) 123-breakout to sell
  • [SIDEWAYS] – wait to buy below the range with seller failures.

Gold Futures (GC):

(Click on image to enlarge)

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