A Wider Emini Fib Grid for April 4

Apr 4, 2017: 12:40 PM CST

We’re still using our Fibonacci Grid to assist intraday trading decisions.

Let’s take a moment to expand our grid slightly to account for the wider trading range we’re seeing now.

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

First, let’s recap our accurate trading strategy and quote that set the stage for today’s action:

Here’s a direct strategy planning quote you could have used if you were part of our membership:

Today does start to change the expectation or game-plan to favor a DOWNWARD retracement AWAY FROM the 2,369 pivot.

Play bearishly toward 2,352 and then toward 2,339 if beneath the 2,350 level.

Here we are trading through our range and trendline levels as price reaches the midpoint of the range.

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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Crude Oil and Stocks Diverge and Drop from the Highs

Apr 3, 2017: 2:16 PM CST

On the Intraday Chart, both Crude Oil and the S&P futures set up a classic reversal pattern that triggered today.

What was it and what should we be watching now?  Let’s find out:

I’m showing the 30-min intraday charts of @ES (Emini Futures) and @CL (Crude Oil Futures).

Namely we’re studying the rally up from March 27th and the beginning of April.

While not identical (stocks ran slightly ahead of Crude Oil), we see a classic five-wave progression toward key targets as negative momentum divergences appeared at the highs.

After Friday’s weakness and failed rally to a new swing high, stocks tumbled today, breaking a trendline and triggering a short-term breakdown.

Crude Oil hasn’t yet experienced a similar breakdown – and may not – but we should be closely watching the $50 level for a possible breakdown event.

The complete five-wave pattern along with divergences tip the scales (short-term) toward a reversal outcome as opposed to a trend continuity one.

However, as traders, it’s our job to balance probabilities/expectations with realities.

Either way, watch these markets and add this to your educational examples of short-term progression and correlated-market trading strategies. Continue Reading…

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All About the Fibs to Start April

Apr 3, 2017: 1:38 PM CST

Can you believe it’s April already? As we start April, we’re still using our Fibonacci Grid to assist intraday trading decisions.

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

At the moment, today’s session high and low occurred roughly into our 23.6% and 50% Fibonacci Levels.

Nothing is ever an exact science, but we use these levels as targets (to play toward) and reversal points (to play ‘away from’).

Here we have price falling down away from our upper level, which we forecast as the higher probability outcome to our Members Friday.

Here’s a direct strategy planning quote you could have used if you were part of our membership:

Today does start to change the expectation or game-plan to favor a DOWNWARD retracement AWAY FROM the 2,369 pivot.

Play bearishly toward 2,352 and then toward 2,339 if beneath the 2,350 level.

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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Another Day with Same Emini Fibonacci Grid March 31

Mar 31, 2017: 10:44 AM CST

Without any fanfare, the market closes out Q1 2017 within our ongoing Fibonacci Grid.

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

We’re using the same game plan as yesterday as price trades just beneath our 2,369 highlighted pivot zone.

A rush of buying pressure could trigger a bullish breakout beyond 2,370 so be ready for that.

Otherwise remain neutral/bearish beneath 2,369 within the ongoing Fibonacci Grid.

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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Still Surfing the Fibs March 30 Emini Update

Mar 30, 2017: 10:46 AM CST

We continue to frame each day’s trading day in terms of our ongoing intraday Fibonacci Grid.

We do this because it’s simple and it’s effective.

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

After price gapped down int our 2,323 Fibonacci Level (the “Final Fib”), buyers stepped in aggressively.

Not only has price traded “up away from” this level “toward” the next two levels (2,338 and 2,352) but we’re also at the upper bound of our Fibonacci Grid, just shy of the 2,370 target today.

Simply stated, keep using these levels as intraday decision support and note the green/red price pathways on breakouts.

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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