Emini Fibonacci Target Grid Update to End August

Aug 31, 2016: 9:02 AM CST

We’re still within the trading range and price is still reacting to our short-term @ES Fibonacci Grid.

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

Here’s a reference guide of how to use and trade from these morning updates.

We had price pivot DOWN away from the 2,180 @ES level initially TOWARD the 2,172 pivot.

After a bounce – then fall – we’re now under 2,172 and possibly trading down toward the 2,166.50 target.

We’re still within the range and will be playing the ping-pong bounces between these zones until we get a breakout.

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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Emini Price Plays Nice within our Fibonacci Retracement Grid Aug 30

Aug 30, 2016: 11:02 AM CST

We’re still within the trading range and price is still reacting to our short-term @ES Fibonacci Grid.

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

Here’s a reference guide of how to use and trade from these morning updates.

Yesterday we rallied up toward the highs, powerfully pivoting from the 2,160 level.

We highlighted the movement toward the 2,180 target and used it as a resistance play – now we’re seeing the pullback down away from the 2,180 pivot.

What now?  We’re seeing at least a short-term logical bounce off the 38.2% Level at 2,172.  Focus on this level.

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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Financial Stocks Liking the Prospect of Higher Fed Rates XLF FAS

Aug 29, 2016: 2:37 PM CST

The Financial and Bank stocks are loving the prospect of higher rates from the Federal Reserve.

How do we know? We’re seeing a high volume price breakout to a new swing high in leading ETFs.

Let’s start with the broader Financial ETF Sector SPDR – symbol XLF:

From February, bank/financial share prices in the ETF surged from the $19.50 collapse-low to the present $24.50 level.

Price made a series of higher highs and higher lows, extending the uptrend in motion on the higher frame.

Last week’s announcement from Chair Yellen that the Federal Reserve is likely to raise rates sooner than expected (because the economy is performing better) may have sent the broader market immediately lower while boosting Financial stocks.

Note Friday’s huge bullish volume and today’s extension (breakout) higher in price. Continue Reading…

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Beginning a Bearish Arc Lower for Tesla TSLA

Aug 29, 2016: 12:39 PM CST

Is Tesla (TSLA) about to fall off the cliff and plunge lower, completing another “Arc” Pattern?

It sure looks that way today.

Let’s chart the pattern and plan the price pathways if this pattern succeeds or fails (with a trap).

Let’s start with the March to May period of 2016.

Price rallied higher from $150 to $270, enriching shareholders and traders.

However, price cooled off into May, declining toward the 50% “halfway” retracement to complete a small arc reversal pullback.

Ultimately price bounced up… then collapsed once again in June to the final support pivot – the 61.8% Fibonacci – at $190.00 per share.

Is that where price is headed at the moment?  If the second arc retracement pattern completes, yes. Continue Reading…

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Rush to the Highs Emini Fibonacci Bounce Update Aug 29

Aug 29, 2016: 12:27 PM CST

Back toward the highs we go!  It’s almost as if Chair Yellen said nothing that surprised the market (hint – she did).

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

Here’s a reference guide of how to use and trade from these morning updates.

The suggestion that the Fed will raise rates sooner than expected collapsed the market all the way to the 61.8% Fibonacci Retracement near 2,160.

Today saw us continue the bounce/reversal up away from the 61.8% price pivot.

Let’s focus on the 23.6% level at 2,180 which is also the Midpoint of the prior Triangle.

Be bullish above this pivot and bearish beneath (to continue the range).

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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