Bouncing Between the New Range Emini Update Feb 2

Feb 2, 2017: 12:20 PM CST

The range is back! And we didn’t miss it at all.

We’re seeing price bounce between our short-term Fibonacci Levels as noted.

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

Be sure to revisit last week’s updates regarding Market Internal Divergences and an expected pullback.

The logical daily chart target for the S&P 500 was the rising 20 day EMA near 2,270 which I updated for you.

The @ES continues to have the following Fibonacci Grid active, placing 2,263 again as the 50% retracement from which price reversed the prior two sessions.

Our new short-term range occurs between 2,271 and 2,281 as highlighted. It’s small but it’s effective for now.

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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Apple AAPL Appears Back at the Highs Feb 1

Feb 1, 2017: 1:29 PM CST

Just like that, Apple (AAPL) shares surged toward the price highs of early 2016.

Will the bulls keep making money by levitating this stock higher in a breakout?  Let’s see!

We see the strong uptrend that ended in early 2015 at the $130 per share level as negative divergences and distribution took price down toward $90.00 per share in early 2016.

Positive divergences and accumulation (active buying campaigns by large funds) reversed the downtrend through 2016 to where we are now at the beginning of 2017.

A bullish reaction to last night’s earnings served as a bullish catalyst to propel shares to the prior high.

The key here is to trade the departure away from the $130 pivot, be it a “fade” or immediate retracement lower to fill in part of the gap (see your Daily Chart) or else continue the bullish accumulation campaign through a breakout to new highs.

Ultimately, stocks which are strong tend to get stronger, and we would expect additional bullish action should buyers push Apple (AAPL) shares beyond the $130 pivot.

Focus on this level and formulate your trades based on what happens right here, right now. Continue Reading…

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February Fed Day Fibonacci Bouncing Update Feb 1

Feb 1, 2017: 12:34 PM CST

We’re using two Fibonacci Grids for planning trades in the intraday Emini as noted.

Price happens to be bouncing toward and away from these pivot levels perfectly.

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

Be sure to revisit last week’s updates regarding Market Internal Divergences and an expected pullback.

The logical daily chart target for the S&P 500 was the rising 20 day EMA near 2,270 which I updated for you.

The @ES continues to have the following Fibonacci Grid active, placing 2,263 again as the 50% retracement from which price reversed the prior two sessions.

Today gapped to our 2,281 level only to fall back to our 2,270 level as noted.

Price is moving rapidly – and today is a Fed day – but keeps these levels as intraday reversal points and targets.

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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Day Two of Market Crashing to Support Jan 31

Jan 31, 2017: 12:21 PM CST

From the negative divergences in an overextended market, a pullback was precisely the expected future.

However, this pullback was faster and more furious than expected, collapsing the market straight to our targets.

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

Be sure to revisit last week’s updates regarding Market Internal Divergences and an expected pullback.

The logical daily chart target for the S&P 500 was the rising 20 day EMA near 2,270 which I updated yesterday.

The @ES continues to have the following Fibonacci Grid active, placing 2,263 again as the 50% retracement.

Yesterday gave us a sudden boost from this level, only to see price crash back into it today.

Here we are with a “make or break” support pivot in play. Plan and trade the departure from here.

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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Swinging Toward and Away from the 20 Day EMA

Jan 30, 2017: 3:34 PM CST

When setting up your trades, it’s helpful to put them within the context of the trend and key moving averages.

Let’s take a look at how we successfully called the current swing “down toward” the rising 20 day EMA, highlight two recent examples, and plan the immediate future for the S&P 500.

Here’s a quote from Friday’s in-depth strategy report for members:

We’re now seeing TWO reversal candles hanging (holding) at the upper Bollinger Band as price is extended almost 30 points above the rising 20 day EMA.

We thus favor a steeper PULLBACK toward the rising 20 day EMA as per our intraday chart and negative divergences.

And that’s exactly what happened today!

Here’s the Daily Chart with the 20 (green) and 50 (blue) day Exponential Moving Averages in play:

The general principle states that price will swing up and down as it builds a trend.

Simply stated, price tends to swing “up away from” the rising 20 day EMA “toward” the upper Bollinger Band, and then eventually “down away from” the upper Bollinger Band back “toward” the rising 20 day EMA.

This logic only applies to persistent uptrends, not trading ranges.

We can see this logic take place in November with a swing higher, pullback toward the 20 EMA, further swing higher in December, additional pullback at the end of December, and the current rally higher into January with today’s pullback lower at the end of the month.

We have a specific strategy for trading “perfect pullbacks” you can study with our lesson bundle.

In the lesson series, we describe how to identify uptrends objectively, what indicators to use (beyond these), how to trade a pullback set-up, and how to manage open positions. Continue Reading…

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