Today’s the kind of day that makes most traders freeze up. An FOMC decision, plus earnings from Google, Meta, Microsoft, Starbucks – basically every stock that moves the market is reporting after the bell.
But here’s what I’ve learned after years of trading these circus days…
So while all eyes will be on what Powell says and on earnings, there are still massive opportunities in front of us.
Proof? Let’s look at JBHT at $167.37 – and the technical setup that has me genuinely fired up.
The Squeeze Stack That Doesn’t Care About Jerome Powell
This is where it gets beautiful. We’ve got three simultaneous squeezes firing on intraday time frames…
- 130-minute squeeze: Momentum firing green, pushing through compression
- 78-minute squeeze: Already triggered and building steam
- 60-minute squeeze: Coiled tight and ready to release
For those unfamiliar with the squeeze system, it measures when volatility contracts (Bollinger Bands move inside Keltner Channels) while momentum builds.
When both the bands and channels compress simultaneously, you get this coiled spring effect. The longer the compression, the more explosive the eventual move.
What makes this setup special is getting all three intraday time frames aligned like this. It’s like having three different engines all firing at once.
The Daily Chart Structure That Seals the Deal
While the squeezes are setting up the timing, the daily chart is giving us the direction. Check this out…
Stacked EMAs: The 8-, 13-, 21-, and 34-day exponential moving averages are perfectly stacked bullish on the daily time frame. This is institutional money flow at work – when the EMAs stack like this after an earnings winner, it’s telling you exactly where the smart money is positioned.
Point of Control: We’re trading right above $166 – the volume-weighted level where institutions have been accumulating. That’s your technical floor.
Trend Line Break: Clean break through the downward resistance that’s been capping this thing since the post-earnings consolidation.
Why This Beats Playing the FOMC Lottery
Everyone’s going to be glued to their screens at 2 p.m. ET, trying to decode Powell’s facial expressions. Meanwhile, JBHT has something better than Fed tea leaves – a mathematical edge…
- Recent earnings winner
- Three-time frame squeeze alignment
- Stacked daily EMAs
- Above point of control
- Clean trend line break
This checks every single box in my technical playbook… and the stocks don’t need Powell’s permission to move.
Your Action Plan
Entry: November 21 $170 calls at current levels around $167 Technical Stop: $165 break (violates point of control = pattern fails) Initial Target: $175 (next resistance cluster) Extension Target: $180+ if the squeeze momentum extends
The November expiration gives us 25 days for these multiple squeeze patterns to fully develop – plenty of time while everyone else is still trying to figure out what today’s events actually mean.
Look, maybe Google beats and the whole market rips. Maybe Powell says something hawkish and everything sells off. But when you get this kind of multi-time frame squeeze alignment combined with stacked daily EMAs on a fundamentally sound earnings winner, the technical pattern tends to play out regardless of the macro noise.
I’d rather take this mathematically sound setup than try to guess which way the FOMC wind blows.
The squeezes don’t care about Powell’s press conference – and right now, three of them are about to fire on JBHT.
I’m placing several trades per week based on my TPS system. If you’d like to follow my alerts in real-time, check out Daily Profits Live.