Buyers and sellers continue to struggle for dominance at the highs and right now neither side is winning. Here’s today’s updated Emini (@ES) trading levels for your trades: Supply and demand move price; it’s nothing magical. Right now we’re at a critical reference area – 2,270 in the @ES which is just under the all-time…
I always find it fascinating when price does exactly what it’s supposed to do – and profitable! After two “bear trap” failed breakouts, price fell sharply to our first Fibonacci target just now. Here’s today’s updated Emini (@ES) trading levels for your trades: As discussed and planned last night with members, we were expecting a…
Crude Oil gives us a textbook example of a reversal pattern – with negative divergences – into resistance. If you missed trading this move, that’s fine as this pattern will repeat in various markets – including yours. Here’s the pattern and combination of reversal factors for your educational benefit: First, the $53/$54 price level in…
Bull Trap? Breakout? Both bulls and bears and fighting for dominance… and neither side is winning right now. Here’s today’s updated Emini (@ES) trading levels for your trades: Our bullish V-Spike Reversal (blue) off 2,228 set the stage for a continuation of the uptrend and bull market. After two pullbacks (retracements), price surged to new…
Monday morning may be the beginning of a “bull trap” should price remain under the breakout high. Will it? Here’s today’s updated Emini (@ES) trading levels for your trades: Our bullish V-Spike Reversal off 2,228 set the stage for a continuation of the uptrend and bull market. After two pullbacks (retracements), price surged to new…
Not to be outdone by this pesky sideways trading range, the stock market broke out to new all-time highs today. Here’s today’s updated Emini (@ES) trading levels for your trades: Our bullish V-Spike Reversal off 2,228 set the stage for a continuation of the uptrend and bull market. After two pullbacks (retracements), price surged to…
What signal is money flow across sectors sending, and what’s strange about it? Let’s take a look at our nine Sector money flow model and hear the message from the market: Here’s what we’re seeing in the nine line charts above: It’s each of the nine AMEX Sector SPDRs (XLF Financials, XLU Utilities, etc) in…
The market has a bullish beginning to 2017 but right now, we’re seeing a return to an old trading range. Here’s today’s updated Emini (@ES) trading levels for your trades: We had an end-of-year bullish reversal on positive divergences off our 2,227 level as price blasted higher to 2,270. Yesterday gave us a clean T3…
Let’s start 2017 on the right pathway! I’m honored to join Roman Bogomazov and Bruce Fraser for our panel discussion and market planning for 2017. We’ll begin after market close at 3:00pm PST / 6:00pm EST. Register now and attend with us today: Here’s the official description of what to expect and how you’ll benefit…
Bullish or Bearish Engulfing Candles are rare in general, but it’s even more exceptional to see a single session “engulf” or completely overtake the total price action of the prior TEN trading session. That’s what happened yesterday in Crude Oil and we’re seeing a big push higher off the prior support low. What’s an Engulfing…