Financial

This Slingshot Breakout Could Be Easy Money On FOMC

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FOMC Tomorrow – are you ready?
 These charts look great tonight – I see (2) clues telling me this Slingshot Breakout could be the easiest money we make all week!Emini and Nasdaq are bullish overall on the 60min, with a bearish range on the tick charts…Put those 2 clues together and it’s easy to see why this Slingshot Breakout is my favorite trade tomorrow morning!
 E-Mini S&P (ES):
 

  • Emini is bearish into a range in an overall bull market, telling us to look for buying opportunities using bear traps off support levels below the range tomorrow morning.

    • E-Mini Nasdaq (NQ):
     

  • Nasdaq is bullish overall, but bearish into a range.  This tells us to look for a Slingshot Breakout as price rotates off the low of today’s trading-range.

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