6 ways to trade the fomc meeting | schooloftrade newsletter 10/27/14
DESCRIPTION
Gold and Crude Oil are bearish, while Mini-Russell is bullish ahead of BIG NEWS starting tomorrow in the US! Crude Oil is ready to sell, but we need to stay patient on the Mini-Russell for the best buying opportunity! Crude Oil keeps pushing lower! Today we moved below $80.00 for new lower-lows which means we have NEW sell-zones to work with on Tuesday. Gold is also moving sluggishly-lower today, ahead of the FOMC Meeting starting tomorrow. Our charts tell us to watch the 1223.9 support level, and we will be looking for trading opportunities ‘CAUTIOUSLY’ tomorrow. Mini-Russell is bullish this evening after making new highs late last week and trying to re-test those highs tonight. We are watching the VOLUME at the HIGHS tonight to confirm that we can buy tomorrow morning.TRANSCRIPT
