Logical Pullback Emini Update May 31 with Targets

Let’s take a moment to update our mid-month Money Flow Grid for our four main markets we track. We’ll start with the Hourly (Intraday) Grid and move up to the trends on the Daily Chart: This is meant to be a quick update to our in-depth membership content each week. We’re seeing the Color Chart…

The US Dollar Index caught a strong bullish bid this morning, surging up away from our known Fibonacci Confluence target. What was it and what should we be watching now? Let’s see clearly: First, take a moment to read our prior post “Dollar Drops to Fibonacci Target.” I highlighted the confluence of the 38.2% Fibonacci…

Buyers did it again with a clean, impulsive, short-squeeze fueled breakout to all-time highs in the S&P 500. Let’s update our intraday charts (and key levels) then turn our attention to trend day stock candidates. I’ve been highlighting the sharp bullish reversals from capital injections into the market at the lows (V-Spike intraday reversals) and…

Is a Rounded Reversal chart pattern in store for Research in Motion (RIMM)?  The chart appears to be setting up that way – let’s see this development and take a closer look. RIMM Daily: It would appear from the chart that RIMM is indeed in the middle section of a possible “Rounded Reversal” or saucer-style…

After sinking to new swing lows together, stocks and Crude Oil reversed higher off positive divergences. Let’s pinpoint the price action and study the lesson from the dual divergences and reversal: The unified chart above tracks the S&P 500 (@ES Futures) with Crude Oil (@CL) on the 5-min intraday chart. Price continued a sell-swing to…