Tomorrow is “FOMC DAY”, which means we’re keeping a close eye on the time, and only taking the best entry set-ups that fit our plan – are you ready?
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Crude Oil is bullish with a beautiful 123-Reversal off today’s low, and with momentum firmly in the hands of the bulls, I'm looking for buy set-ups using key support levels tomorrow morning.
Knowing this, I have the low of a Hidden Channel, with a reversal-line, and a range-expansion zone, all stacked-up around 55.40, so all I need is the entry set-up.
E-Mini S&P is still bouncing around the same range from yesterday’s session, which means the plan is the same; buy low, sell high, and avoid the middle…
And since we have a bull bias, I'm waiting for a failure set-up to buy off the 26.50 reversal-line with a target going back up into the range.
Nasdaq is bearish with a flat channel and almost five legs down in today’s session, which means we’re too low to start selling now, better to wait and sell at a higher price tomorrow morning.
Knowing this, I'm waiting to sell the channel high up in the battle-zone with a failure set-up, and a target back down to the fill the weekend GAP.
Gold is bearish and trading with a range ahead of tomorrow’s FOMC Announcement, which tells me to fade the breakouts; buy the low, sell the high, and avoid the middle of the range.
But more importantly, time is critical tomorrow with the FOMC Announcement mid-afternoon, which means I need to focus on the best entry set-ups before the lunchtime session begins.
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