Emini Bullishly Breaking Barriers April 25 Update

Apr 25, 2017: 12:34 PM CST

No upside target is safe from this charging bull market!

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

We’ve been anticipating this breakout – one way or the other – for a while now.

We had bullish indications trigger late last week and we’re seeing the result with this week’s breakout surge.

Like yesterday, we saw a gap through a Fibonacci (green) target and an intraday play toward a prior swing high target (yellow).

Right now, it’s the 2,388 level and the 2,380 intraday pivot points for you to frame your trades.

Beyond this – above 2,388/2,390 – is 2,400!

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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Good Google GOOGL Breaks to New 52 Week High

Apr 24, 2017: 11:02 AM CST

The last two times Google (GOOGL) pushed to a new high, price collapsed.

Will this third time be the charm?  Or will history repeat with another short-term collapse toward support?

GOOGL is a popular stock due to its volatility and is often a favorite of option traders due to the high price.

Nevertheless, traders were treated to nice retracements and swings to new highs in 2017.

However, just after the late January and March new highs, sellers struck and collapsed the price lower.

Buyers took shares to new highs, completing a successful retracement event.

However, each new high occurred on relatively lower volume and momentum.

For GOOGL to hold the highs and extend toward $900, we’d like to see momentum and volume rise with price.

If you’re trading here, focus on the $875 level, the potential for an extension (breaking history) toward $900, or the “history repeats” plan which calls for a future sell swing down away from the $875 target.

Frame your trade in terms of the “repeat history” or “this time is different!” plan. Continue Reading…

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Finally a Flag Breakout in Emini April 24

Apr 24, 2017: 10:12 AM CST

Breakout! Price surged through two Fibonacci targets to achieve the prior swing high.

What will happen next and what is our plan for the day?

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

We’ve been anticipating this breakout – one way or the other  – for a while now.

We had bullish indications trigger late last week and we’re seeing the result with today’s breakout surge.

For now, focus on the yellow “prior high” target near 2,375 and the short-term Fibonacci Pivot right here at 2,368.

We have a narrow range at the moment between these pivots.  As usual, plan to trade the departure from here.

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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Crude Oil Tumbles from Negative Divergences April 20

Apr 20, 2017: 2:29 PM CST

Crude Oil plunged toward the $50.00 per barrel level, collapsing from negative divergences into resistance.

This was our forecast play for Oil – a bearish swing “down away from” the $54.00 level for members.

Let’s see how it developed, study the pattern, and plan the next swing:

Here’s a quote from our membership strategy planning report (join us today):

“Buyers, take profits into this level and aggressive sellers can step in here for a possible sell-swing down toward $51.00 again.”

I called for buyers to take profits into the $54.00 higher frame resistance and allowed for an aggressive short-sell strategy on the departure from resistance.

It took a couple days of sideways action near $53.50 but the final breakdown (safe entry) triggered beneath $53.25 (blue trendline) and from there saw the collapse begin beneath $53.00.

The initial push of selling culminated like an avalanche with yesterday’s breakdown and collapse toward $50.50.

Remember our simple or initial planning target was $51.00.

Focus on the price action into this pivot and – once again – get ready to trade the departure from $50.00. Continue Reading…

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Emini Fibonacci Breakout into Falling Trendline April 20

Apr 20, 2017: 12:44 PM CST

Over the last few sessions, we’ve remained trapped between key Fibonacci Pivots.

Is today the day of the breakout?!  Or will the touch of the falling trendline be all the bulls can muster?

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

The yellow highlight is the most recent short-term trading range (roughly 2,345 and 2,329) where price remained.

This morning price broke powerfully higher and achieved the first upper target – the falling blue trendline.

Plan your next series of trades in terms of the immediate departure “away from” the current 2,355 @ES Target.

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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