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This Bear Trap Could Make Us A Fortune After FOMC

By Kurt Osterberg · On September 18, 2024

Image Source: Pixabay

FOMC is out, and the Rate Cut is in!
Markets were wild after FOMC cut rates this afternoon…But hidden inside that messy price-action is (1) obvious clue, telling us this BEAR TRAP could be our biggest win of the week!In fact, I have (3) trades I’m watching for Thursday – check this out!

E-Mini S&P (ES):

Emini is bullish into a range, with sellers trying to complete their pendulum-swing lower, and I’ll be looking for ways to buy Bear Traps below the range tomorrow morning!

E-Mini Nasdaq (NQ):

Nasdaq is bullish overall, but sellers are trying to complete their pendulum-swing back down again, telling us to look for buying opportunities using seller failure setups off support below this range.

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