Thanks Yellen Emini Fibonacci Grid Update August 26

Aug 26, 2016: 12:13 PM CST

Well THAT got interesting fast!

Chair Yellen strongly hinted that conditions allow for a near-term future rate hike, and that sent the market lurching up and down.

However, our Fibonacci Levels held!  So far.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

The Range Continues and price fell – collapsed (thanks Yellen) – to the 61.8% level at 2,162.

All things being equal, use 2,162 as today’s bull/bear pivot along with the upper Fibonacci Levels as drawn.

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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Gold’s Collapse into Key Support Target August 25

Aug 25, 2016: 11:00 AM CST

Gold completed a Triangle and Price Projection Target toward the prior low which sets up a possible short-term support-bounce rally.

Let’s pinpoint the pattern and plan for a possible bounce.

I’ve gone into more detail and trade planning with our members, but wanted to highlight this possible pivot.

A quick glance shows our Successful Symmetrical Triangle (Midpoint near $1,353) and the recent late-August breakdown.

We had to targets – the simple prior low from late July ($1,320) and the AB=CD pattern – and to an extent the triangle target – also aligning near $1,320.

We’re seeing a clear positive momentum divergence as price stabs into this level.

So will Gold bounce?  That’s your trade!

Look to play the direct movement away from the $1,320 target, be it “dominant thesis short-term bull” or “alternate thesis breakdown bear” (toward $1,300). Continue Reading…

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Bouncing Market Emini Fibonacci Grid Update August 25

Aug 25, 2016: 10:45 AM CST

After harshly joking about it Tuesday, we actually did get our expected pullback to a key target in the market.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

In the membership we’ve been highlighting the “Repeat Range” pattern.

The main idea is that the July low-volatility intraday range environment is repeating through August.

As I wrote Tuesday:

We’re seeing 2,190 @ES as the upper “all-time high” pivot – a possible double top.

That’s exactly what we got as price plunged quickly toward the 2,180 pivot and then all the way to the 50% Level and triple pivot low above 2,167.

As I wrote was the likely play in the membership last night, we indeed are seeing a strong bounce up from this level.

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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Parabolic Arc and Big Rally for Novatel MIFI Analysis

Aug 23, 2016: 12:18 PM CST

Parabolic Arc, textbook Elliott third wave, to-the-penny 50% Fibonacci.

These are just some of the factors at work for Novatel Wireless (MIFI) on the recent surge from $1.00 to $4.00 – a stellar move.

Let’s peel back the price and learn some lessons while we plan the next possible swing.

I’m highlighting the earlier simple Elliott Wave count through 2015 that ended above $6.50 on textbook negative momentum and volume divergences.

See our quick cheat-sheets and basic information/rules for Elliott Wave in our Educational Section.

Price collapsed then in a climactic “ABC” phase down to the bottom at $1.00 in early 2016.

From there a new five wave cycle is likely in motion – recently completing the impulsive and impressive 3rd wave – on the Weekly Chart.

Price surged toward – and now is logically falling down away from – the 50% Fibonacci Pivot at $3.86.

Focus on the current pivot – the 38.2% upward retracement – at $3.14.

The volume and momentum surge do suggest future likely higher highs to come after our current fourth wave pullback.

Speaking of fourth-wave pullbacks, let’s pinpoint our current Parabolic Arc Pattern on the Daily Chart: Continue Reading…

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Never a Pullback Emini Fibonacci Grid Aug 23

Aug 23, 2016: 11:55 AM CST

Beuller? Beuller? Beuller?

Pullback? Pullback? Pullback?

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

In the membership we’ve been highlighting the “Repeat Range” pattern.

The main idea is that the July low-volatility intraday range environment is repeating through August.

We’re seeing 2,190 @ES as the upper “all-time high” pivot – a possible double top.

2,180 – should price actually retrace (which would be logical) is the Midpoint Magnet of the Triangle pattern from which price broke this morning.

It’s also the 23.8% Fibonacci Retracement as drawn.

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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