Volatility Returns to the Emini January 12

Jan 12, 2017: 1:26 PM CST

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 high.

Buyers want to extend the market higher with a breakout, and they’ve countered each of the three recent sell-offs of the bears.

With neither side victorious, we’re seeing volatility increase and our Fibonacci Levels serving as targets and short-term inflection (reversal) points.

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!

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From the Highs Back to our First Fibonacci Level Jan 11

Jan 11, 2017: 1:53 PM CST

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 swing down away from the 2,270 level at least toward the first target near 2,255 (Fibonacci).

That’s exactly what’s happened today with a rapid sell-off once price failed to hold above 2,270.

We try to keep the method and planning simple and focus on what works – sometimes it’s as simple as level and scenario planning like this.

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!

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Crude Oil Crushes Lower as Expected from Divergences

Jan 10, 2017: 6:46 PM CST

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 Crude Oil was a key focal point for traders.

Second, the upper Bollinger Band hovered just beneath $55.00 per barrel.

Also, price “stabbed” up twice on bearish reversal candles into this level in December (upper shadows).

Negative Momentum AND Volume Divergences served as non-confirmations of the new price high.

Finally a Bearish Rising Wedge Price Pattern developed when all these factors were in place.

Here’s a “Zoomed-In” View of the whole reversal situation developing: Continue Reading…

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Hey Look at that Emini Range January 10

Jan 10, 2017: 2:49 PM CST

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 all-time highs Friday.

However, Friday afternoon into Monday morning gave us a pullback under 2,270 which is a make-or-break point.

An initial trap triggered Monday with the return under 2,270 but it’s possible we’re seeing a SECOND trap today.

Our focus point is 2,270 and when one side wins the battle, we’re likely to see a big move either way.

If above new highs, join the bulls and buy toward 2,300; if under 2,260, join the bears toward our Fibonacci 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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Emini Playing Again at the Highs January 9

Jan 9, 2017: 1:40 PM CST

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 all-time highs Friday.

However, Friday afternoon into Monday morning gave us a pullback under 2,270 which is a make-or-break point.

Should price remain beneath 2,270, expect a swing back toward 2,255 (failure to break out).

Any move back above 2,270 could trigger a powerful short-squeezed breakout but we’re not quite there yet.

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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