The Emini Surge Back to the Highs January 4

Jan 4, 2017: 12:13 PM CST

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 bullish opening gap yesterday set the stage for a pullback to our 2,238 reversal pivot.

The end-of-day rally Tuesday continued with the breakout above 2,251 this morning and the extended bullish swing through the “Open Air” pocket from the late-2016 trading range.

Focus on these movements between 2,251 and the 2,271 level which is the all-time Emini high – a logical target.

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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Emini Still Playing through our Fibonacci Grid Jan 3

Jan 3, 2017: 2:41 PM CST

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 where we are now at 2,238.

Use these levels as targets (to play TOWARD) and potential reversal points (to play AWAY FROM).

It’s simple but it’s effective, especially when combined with higher timeframe levels and the strategies we discuss.

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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A Second Gap Collapse Day for the Emini to End 2016

Dec 30, 2016: 1:05 PM CST

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 has happened….

Here’s today’s updated Emini (@ES) trading levels for your trades:

At this point we’re seeing a repeat of the movement “down away from” 2,270 “toward” 2,251’s target on Dec. 28.

Price went on to shatter this level which set up the collapse down to the current 2,238 target.

We were ready for a bounce but not quite ready for a more powerful collapse back to 2,238.

After a mini-bounce took place here, we’re now seeing a breakdown beneath 2,238 which opens a sell swing toward 2,227.

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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Sears SHLD Surges from Lows Dec 29

Dec 29, 2016: 3:55 PM CST

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 example:

First, I am NOT a fan of counter trend ‘fade’ or reversal trading strategies.

Second, you’re a different trader than I am.

Fade or short-term reversal (counter-trend) trades do have a place in a growing trader’s arsenal.

Let’s look at two similar bounces or downtrend ’snap’ trades in SHLD.

The prior two examples took place in September and October 2016.

The main idea is to identify a trend in motion and pinpoint a stock extended “away from” its 20 day EMA. Continue Reading…

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Emini Trades Down Toward and Reverses at our Fibonacci Target Dec 29

Dec 29, 2016: 2:26 PM CST

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 our 38.2% target… and then reversed up away from it.

Valuable information to have? You bet.  You’re trading blindly without it.

Here’s today’s updated Emini (@ES) trading levels for your trades:

As I mentioned in the teaser, we were targeting the 2,238 level IF and WHEN price broke under our 2,251 level as was expected for a steeper pullback.

That’s precisely what happened yesterday and today with price breaking 2,251 and falling toward 2,238.

You had a series of short-term intraday trades to take as price moved toward this target.

What now?  It’s a target for a reason – look for price to bounce “up away from” it.

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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