We’re headed into one of the busiest days of September on Wednesday morning – with Rollover and Inventories in the morning, and the highly-anticipated FOMC Announcement in the afternoon, tomorrow is going to be a much shorter window of opportunity...
We’re headed into one of the busiest days of September on Wednesday morning – with Rollover and Inventories in the morning, and the highly-anticipated FOMC Announcement in the afternoon, tomorrow is going to be a much shorter window of opportunity, and we need to make every candlestick count…
And with most of our favorite markets still trading inside of ranges, the secret to our success on Wednesday will be buy low, selling high, and avoiding the middle, while keeping our eyes open for the 123-Breakouts – are you ready for the Fed? -------------------- Learn my Favorite Trading Strategy with My Free Trading Course: http://www.schooloftrade.com/trial
Crude Oil is bearish into a trading-range ahead of tomorrow’s Inventory report, which tells me to look for sell set-ups using a buyer-failure pattern up above the highs of the range.
E-Mini S&P is bullish with a strong attempted breakout of this week’s range, which tells me to look for either a 2-Try Breakout Pattern or a 123-Breakout for a continuation move up to the ‘pendulum swing’ target at 3019.
Nasdaq is bullish and trying to breakout above the high of this week’s trading-range, but we know that “buying high” isn’t the best strategy, so I'm better off waiting for a more reliable buy set-up using a seller-failure underneath the low of the range tomorrow morning.
Gold is bullish into a narrow trading-range ahead of tomorrow afternoon’s FOMC Announcement, which tells me to look for buy set-ups underneath the range using the seller-failure entry pattern.
Euro is bullish and running higher towards the 11,800 highs from late last week, and anytime I see this much strength without a deep pullback, the next pullback will be seen as a buying opportunity for the bulls, especially if we can pull back all the way into the battle-zone down at 11,250. -------------------- Join the Mailing List, Read the T..