Stocks surged again, continuing the 2017 rally. We saw another bounce off our Fibonacci Grid into the “Open Air” pocket beneath the all-time high. 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 2,260. A huge…
Happy New Year! Here’s to a profitable start to your 2017. 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 2,260. A failure at the midpoint sent price lower, collapsing through the 2,251 level back to…
As we planned from yesterday’s update, price did bounce (gap) up away from our 2,238 target back into 2,251. That’s the good news – things went exactly as expected. The bad news? It happened via an overnight gap and the market collapsed back to our 38.2% target. This isn’t the first time this exact thing…
Are you an aggressive trader who loves to call bottom reversals? Want to try your hand at a fade trade? Today, Sears Holdings (SHLD) – a stock in a massive downtrend – is attempting a bounce off the lows. Let’s see it and note what levels to watch for a trade or for an educational…
Today’s session reminds us exactly why you should bookmark our page and read our morning Fibonacci target updates if you’re a short-term trader. Why? We’ve had the same Fibonacci Grid since December 15th and price reached our initial target three times since then and today broke under that key level and traded straight down to…
What’s going to happen next with big trending stock Apple (AAPL)?! Let’s plot the Daily Chart and highlight the two trade plans for what happens next at the highs. Apple (AAPL) surged from July to October, boosting price from $90.00 toward $120.00. Price fell from a divergence at resistance near $118.00 per share which is…
Is that an actual breakdown on a holiday week? Price shattered our First Fibonacci line of defense, opening up a new phase in our holiday week trading. Here’s today’s updated Emini (@ES) trading levels for your trades: From mid-December to present, price remained in a 20 point trading range between 2,250 and 2,270. This morning,…
As we rush into 2017, let’s pause a moment to assess the health of this strong price rally at the end of 2016. We know that price and the trend is strong, but what about the “guts” or internals of the market? Here they are in full bullish glory: Let’s first take a moment to…
We’ve had NVIDIA (NVDA) on our trading radar for quite some time because it has consistently been a “strong stock getting stronger.” Our core trading philosophy at Afraid to Trade is that trends – once established – have greater odds of continuing than of reversing. We love trading – and teaching pullback strategies – on…
It wouldn’t be a holiday week without a bullish drift, would it? The S&P 500 traveled the well-worn path of another bullish bounce off our Fibonacci Grid toward new highs. Here’s today’s updated Emini (@ES) trading levels for your trades: Despite an expected “holiday drift,” we’re instead seeing price maintain a 20 point trading range…