Exciting Emini Bounce Update March 23

Mar 23, 2017: 10:51 AM CST

Often after a crash comes a recovery.  That’s what’s happening at the moment in the Emini (this morning).

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

We were correct in our strategy planning that “big move” would be likely if sellers broke the market beneath 2,370.

Price then moved not just toward our 2,352 target, but beyond that to the 50% Fibonacci at 2,338.

Buyers stepped in aggressively this morning – as was the case yseterday – boosting price through our “neutral zone” toward (and now above) the 2,352 level.

Continue using this Fibonacci Grid to frame your intraday trades “toward” and “away from” these levels.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Continue Reading…

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A Second Divergent Drop for Google GOOGL

Mar 22, 2017: 2:33 PM CST

Google (GOOGL) rallied a second time into a key reversal or “fade” set-up and delivered the goods.

Let’s take a look at this “Divergence plus Upper Bollinger” pattern and learn what we can from this example.

Most trades are either taken in the direction of a prevailing trend or against it.

While I prefer pro-trend strategies like retracements or breakouts, aggressive “fade” or even reversal strategies have their place in a developing trader’s toolbox.

The “Divergence Plus Bollinger” fade set-up occurs in a mature uptrend when price rallies up into – or preferably peaks just above – the upper Daily Bollinger Band.

We can look beneath price at volume or momentum – often seen best on intraday charts – for any sign of negative divergence as price scrapes against the upper Bollinger Band.

This set-up is enhanced – with higher probability of success – when reversal candles like dojis or shooting stars (or even spinning tops) appear at the upper Bollinger Band.

VERY aggressive traders can short-sell a break of a rising trendline on a lower timeframe as we see here: Continue Reading…

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Bouncing Between the Fibs March 22 Emini Update

Mar 22, 2017: 11:08 AM CST

After a 30 point @ES Crash yesterday, we have a bounce near our 50% Fibonacci Level.

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

We were correct in our strategy planning that “big move” would be likely if sellers broke the market beneath 2,370.

Price then moved not just toward our 2,352 target, but beyond that to the 50% Fibonacci at 2,338.

Buyers stepped in aggressively this morning slightly under this level, boosting price back toward 2,352.

Continue using this Fibonacci Grid to frame your intraday trades “toward” and “away from” these levels.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Continue Reading…

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Announcing Trader Education Week This Week

Mar 21, 2017: 2:14 PM CST

Get ready for Trader Education Week!

Traders Classroom and Club EWI are opening up March 20 – 24 as the official “Trader Education Week.

25-year trading veteran Jeffrey Kennedy will be walking you though lessons he’s learned and insights from his trading career.

Specifically, you’ll discover insights to the Elliott Wave Principle and how it integrates with other styles of trading (and indicators).

Click on over to see what you’ll be able to learn during the info-packed week – and as always as an affiliate I thank them for their continued outreach and education to the trading community.

Corey Continue Reading…

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Quad Market Movement as the Stock Market Crashes March 21

Mar 21, 2017: 1:06 PM CST

This morning we just updated the “Stock market crashing through key target levels” but what’s happening beyond the stock market?

What’s happening to Gold, US Treasuries, and the US Dollar?  Are they surging or crashing too?

Let’s find out as volatility has clearly returned to our markets:

Using the stock market as our baseline, we see a swing down to begin March and a short-lived positive reversal on the Federal Reserve raising interest rates last Wednesday.

While price stalled then began trading lower, this morning gives us a literal collapse of the market.

At the same time, Gold was trading lower into the Fed announcement then reversed positively and continued its bullish surge (as we forecast in this week’s Member Strategy report).

Similarly, US Treasuries (positively correlated to Gold recently) traded down into the announcement and then surged/reversed higher after it.

While safety markets Gold and Treasuries surged, unfortunately the US Dollar Index collapsed right with the stock market, plunging to a new swing low beneath the key 100 index level.

It helps to take a quick look at the broader picture of money flow, even if you don’t trade these markets. Continue Reading…

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