Fridays are one of my favorite days to trade, and with J-POW speaking, this PAIN TRADE might be our biggest win of the week!
Emini and Nasdaq are both trying to *rotate* back to the high of weekly ranges tomorrow morning…
But you know Powell’s gonna throw us a curveball, so keep this PAIN TRADE on your radar… it might be a HUGE winner!
E-Mini S&P (ES):
(Click on image to enlarge)
Emini is bullish after a reversal off range lows, and buyers will be looking for ways to buy as low as possible before we retest weekly highs at 4597.
E-Mini Nasdaq (NQ):
(Click on image to enlarge)
Nasdaq buyers are trying to rotate back up into the range above, but today’s strong move down into a new range suggests we’ll see a retest of today’s low before we make the bigger move higher!
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
