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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Emini Support Fails as Market Crashes to Lower Targets March 21

Mar 21, 2017: 12:52 PM CST

And there we go!

Support failed at yesterday’s “Make or Break” level, reminding us how we set up our game plan and execute it.

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

Here’s the key planning quote from last night’s member report:

Ultimately buyers step in and defend the critical 2,370 level – at which price closed – or they don’t.

If they don’t, it would trigger the ALTERNATE thesis and thus “larger than expected move” toward the downside, potentially collapsing price back toward 2,353 or lower quickly.

And yet here we are, not just “collapsing toward 2,353″ but now actually LOWER than it.  And yes quickly!

Come join us in the membership to get this type of strategy planning in advance so you can take advantage of it.

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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Disney DIS Slides to New Highs on Divergences March 20

Mar 20, 2017: 12:41 PM CST

Disney (DIS) continues to be a “strong stock getting stronger” which is evidenced by today’s creep-up to a new 52-week high.

Let’s chart the creeping uptrend that took us back to the new swing high of $113 per share.

When “strong stocks get stronger” like Disney, they often leave a trail of negative divergences to the highs.

That’s what’s happening now.

Our first principle of price behavior states that “Trends, once established, have greater odds of continuing than of reversing.”

We use specific stock scans to find strong-trending candidates like these.

However, you’ll note another principle that the strongest moves – and thus the most efficient (higher probable) opportunities come at the beginning of the birth of a new trend. Continue Reading…

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