They did it!! Buyers successfully more-than doubled the share price of tech-company NVIDIA (NVDA) since July. Let’s take a look at this impressive feat, study the progression, and plot the pullback trades along the way. Price achieved – then stalled – at the $50.00 per share level in July during an ongoing bullish campaign. July…
The Fed can’t stop the Fibonacci! As I highlighted in yesterday’s morning update, we had our “first Fib” level just above 2,250. After the Fed hiked rates, price plunged through this level but bounced strongly off of it this morning. Here’s today’s updated Emini (@ES) trading levels for your trades: As the ongoing uptrend continues…
Here we are! It’s Fed Day and the board is set to raise interest rates 0.25%, barring any major surprises. Might we actually get a pullback to a lower Fibonacci Level? Wishful thinking for the bears! But here’s our short-term updated Fibonacci Levels IF the market does actually pull-back further. Here’s today’s updated Emini (@ES)…
After the smallest of reasonable retracements, buyers are at it again, propelling the market to new all-time highs. Here’s today’s updated Emini (@ES) trading levels for your trades: Yesterday gave us a slight pause or retracement back toward the 2,250 target level but that was all buyers would allow. They stepped in aggressively this morning,…
Like Disney (DIS) last week, Exxon-Mobil (XOM) broke resistance, triggering a powerful bullish breakout. Take a moment to review my post last Friday about Disney’s (DIS) bullish breakout into a key target. After that, note the similar pattern and breakout through resistance in Exxon-Mobil (XOM) Monday. XOM shares created a Double Bottom – on positive…
In the event price doesn’t extend another six days higher – or infinitely higher – we’ll see another reasonable retracement develop. Let’s update our Fibonacci Grid to plan for this possible pullback should it actually occur. Here’s today’s updated Emini (@ES) trading levels for your trades: The way traditional Fibonacci Grids work is that we…
Media giant Disney (DIS) surged through a key resistance level at $100 and now achieved a key weekly pivot. What is it and what’s the plan for trading Disney (DIS) short term right now? Let’s see it in motion! The company famous for giving us Mickey Mouse formed a rounded reversal on positive divergences –…
Buyers continued their relentless campaign of accumulating stocks as the S&P 5oo broke to new lifetime highs. Here’s today’s updated Emini (@ES) trading levels for your trades: I’ll update the Emini Fibonacci Grid once price actually starts to pull back (retrace) from the squeeze to new highs. Until then, our goal should be trading in…
The US Dollar Index caught a strong bullish bid this morning, surging up away from our known Fibonacci Confluence target. What was it and what should we be watching now? Let’s see clearly: First, take a moment to read our prior post “Dollar Drops to Fibonacci Target.” I highlighted the confluence of the 38.2% Fibonacci…
Bullish repbalancing plus a powerful short-squeeze is boosting the US Equity Market to all-time highs at the beginning of December. Let’s get a quick check on the S&P 500, Dow Jones, and the NASDAQ to see which levels are key now: The S&P 500 isn’t the strongest market right now; it’s actually the Dow Jones….