Editor’s Note: In less than a week, Fed Chairman Jerome Powell could drop a massive bombshell during the FOMC meeting.

We believe his decision could lead to an aftershock the likes of which we haven’t seen in a long time.

So on Wednesday at 1 p.m., our tacticians Bryan Bottarelli and Karim Rahemtulla will be hosting a “Trump vs. Powell Watch Party” to prepare traders for the reaction.

The event is completely free to join.

Click here to sign up now.

– Ryan Fitzwater, Publisher

You often hear the phrase “buy the dip” in trading.

However, buying stocks on the idea that they’re about to bounce back isn’t always as simple as it sounds.

Sometimes the stock doesn’t go back up.

Other times it goes back up, but not in the short-term.

So sometimes patience is required.

Take this recent trade we did on Raytheon Technologies (RTX) in The War Room for example.

Raytheon is a major defense company that sells military defense technology to our government.

Unless you’ve been living under a rock, you know there’s been ongoing conflicts around the middle east and Europe over the last 3 years, so this is a company we’ve traded on multiple occasions.

Earlier this week, I saw RTX had been dipping towards a key support level, so I got positioned for a coming bounce in The War Room.

But in this case – RTX didn’t bounce back quickly.

There was a 3-day waiting period, and we had to hold the trade before it moved into the profit zone.

Yesterday morning, we got our catalyst in the form of NATO allies mulling their response to Russia’s drone incursion.

As you’ll see in the chart below, that’s exactly when the stock started taking off into our profit zone.

Several War Room members were in on the trade.

Here’s what they had to say…

This trade is a great example of using patience and avoiding fear. Just smart chart reading and strategy.

That’s “smart speculation” in action.

Action Plan: After yesterday’s RTX winner, the defense stock is on my radar again as a rinse and repeat play.

Plus, next week Karim and I are preparing for the ultimate heavyweight bout – Donald Trump vs. Jerome Powell – The FOMC Watch Party.

I believe the aftershocks from this event are going to be massive.

Click here to sign up for free today.