It’s exciting – and lucrative – when price does exactly what it is supposed to do – again! We expected price to continue trading within its range and thus fall “down toward” our 2,251 Fibonacci target. That’s precisely what happened but what’s even better is that price reversed (bounced) higher exactly off our key target…
GoPro is an interesting stock at a critical pivot point that grabs our attention. Let’s take a look at GPRO, plot the key level, highlight the divergences, and plan for the next swing. We’ll start with the Daily Chart: Shares plunged at the beginning in October, losing half their value into December where we are…
It’s exciting – and lucrative – when price does exactly what it is supposed to do. 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 (as I highlighted in yesterday’s update) and now pull back once again to our…
If you’re a Netflix NFLX investor, you’re pleased that share prices are making a bold run for new all-time highs. If you’re a trader, you’ve had good opportunities to trade pullbacks and breakouts in late 2016. Let’s update our plan for Netflix NFLX and see what the next swing may bring into 2017: First, take…
We’re at a new bullish normal with the @ES as price settles into a short-term range at the highs. Here’s today’s updated Emini (@ES) trading levels for your trades: We’ve had success playing reversals or bounces up away from our 23.6% Fibonacci Level near 2,250. However successful they were at the lows, buyers haven’t been…
Dow Jones component Nike (NKE) has not had a very good 2016. Price peaked above $66.00 per share at the end of 2015 and share prices currently trade at the $50.00 level. Let’s highlight the downtrend in motion and set up the next swing trade for this stock, one of the weakest in the Dow…
Up, up and away! To new highs we go! Here’s today’s updated Emini (@ES) trading levels for your trades: As was the case earlier in the week, our 23.6% Fibonacci Level intersects the 2,250 @ES level which is our pivot. Price rallied up off this level since the Fed Day when buyers defended the support…
As we begin the new week, let’s reflect on how markets have predictably moved AFTER last week’s expected Fed Interest Rate hike. Let’s view our quick Quad-Market Money Flow Grid: First, let’s state the obvious: markets widely expected the Fed to boost interest rates 0.25% which is what happened. Higher interest rates inherently are… BULLISH…
It’s amazing – and profitable – when price does exactly what it should, based on logic and probability. Here’s today’s updated Emini (@ES) trading levels for your trades: As was the case earlier in the week, our 23.6% Fibonacci Level intersects the 2,250 @ES level which is our key pivot. Price rallied up off this…
The Fed still can’t stop the Fibonacci! As I highlighted in Wednesdayday’s morning update, we had our “first Fib” level just above 2,250. We’re seeing our third test of this key level – will it hold again? Or do we start playing to our lower target? Here’s today’s updated Emini (@ES) trading levels for your…