After a horrid intraday downtrend collapsed price from $54.00 to $45.00 per barrel, Crude Oil finally snapped the downtrend with an impulsive breakout today. Here’s the progression and target levels: In the weekly membership, we had a sell-signal opportunity with negative divergences into the $54.00 target. From there, price fell toward our $50.00 target and…
To the highs! Then back away from them. Then back to the highs!! Then back away from them. Oh well. Here’s today’s updated Emini (@ES) trading levels for your trades: Friday gave us a big bullish breakout of the short-term (highlighted) trading range above the 2,380 support pivot. Yesterday gave us a pullback to retest…
All seemed lost in the moments following Apple’s (AAPL) most recent earnings announcement. Bearish projections were rampant as bears took a victory lap that share prices would finally collapse. The problem is… they were completely, spectacularly wrong. Here’s what happened next as the triple-timeframe uptrend continued and a “strong stock got stronger:” First, know that…
Back to the highs we go! And then – this morning – back down away from them. Here’s today’s updated Emini (@ES) trading levels for your trades: Friday gave us a big bullish breakout of the short-term (highlighted) trading range above the 2,380 support pivot. Yesterday gave us a pullback to retest the breakout at…
It was correct to assume stocks could continue higher and achieve their 2,400 target once again. What now? Here’s today’s updated Emini (@ES) trading levels for your trades: Friday gave us a big bullish breakout of the short-term (highlighted) trading range above the 2,380 support pivot. Today gives us a pullback to retest the breakout…
Were you surprised stocks held their support line and rallied higher? Here’s today’s updated Emini (@ES) trading levels for your trades: We shouldn’t be surprised, given how many times price (sellers) tested the 2,380 level and buyers supported it. There were even two Bear Traps (failed breakdowns) that were clues to hidden bullish strength. Here…
Just how low can Gold and Oil go during the recent commodity crush lower? Let’s update our charts and highlight the recent sell-swing phases in these commodities: Yesterday we highlighted the “Rounded Arc Reversal Pattern in Gold” for an educational resource. Today we see stronger selling as the reversal (sell-swing) continued, breaking the support of…
Will it Hold? Will it Hold? We’re still at a make-or-break key support pivot in the Emini and it’s affecting our trading plans still. Here’s today’s updated Emini (@ES) trading levels for your trades: In simplest terms, price established a trading range between the 2,380 and 2,390 easy-reference levels. In terms of short-term planning, remain…
The “Rounded Arc” Reversal Pattern is one of my favorite trading opportunities when it appears. Why? Let’s take a look at Gold and note the ideal symmetry and forecasting aspect of this key reversal pattern: Gold established a base at the $1,250 level and then broke higher through April toward our $1,300 target. From there,…
It’s a Fed Day! What will happen later this afternoon?! Here’s today’s updated Emini (@ES) trading levels for your trades: In simplest terms, price established a trading range between the 2,380 and 2,390 easy-reference levels. In terms of short-term planning, remain “range neutral” between these zones; bullish toward 2,400 on a positive reaction and breakout…