This Slingshot Breakout Could Be Easy Money On FOMC -

This Slingshot Breakout Could Be Easy Money On FOMC

Sep 17, 2024Jeremy ParkinsonFinance, No picture0

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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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