The Exciting and Expected Emini Bounce August 22

Traps on both sides of the market?  Another surge off support!  Sounds like a typical week. Here’s today’s @ES Fibonacci Grid in play: Our analysis (that I’ve correctly been highlighting to members) had us focusing on 2,420 as a critical support/bounce price pivot level and today we’re seeing the outcome of that critical “last support”…

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ULTA Beauty Plays Desperately for a Longer Term Support Bounce

Can they do it?! Can they do it? Buyers will be eager to step in to hold support at the current critical pivot for ULTA shares. What’s the pivot and what’s the swing trading play from here? Before we get to the pivot play, let’s look at the beauty of the divergence and clear reversal…

LuluLemon LULU Squeezes its way Between the Daily EMAs

Shares of Lululemon (LULU) jumped today, but merely continued the “ping-pong” between the 20 and 50 day EMA price pivots. It also held a key support level from our Fibonacci Grid.  What’s going on?  Let’s see it: Shares plunged in 2017 from $70.00 beneath $50.00 but have since recovered. Strangely enough, shares sit right at…

Join Me at the Best of Wyckoff 2017 Conference Sat August 19

Fellow traders, I’m excited to announce that on August 19th, I will be speaking in an online conference entitled, “Best of Wyckoff 2017: Practical Applications of the Wyckoff Method,”organized by WyckoffAnalytics.com. The other speakers are all internationally recognized traders and other Wyckoff experts with over 100 years’ combined experience in applying the Wyckoff Method. You will…

WalMart WMT Perfectly Straddles the Daily EMAs ahead of Breakout

During today’s big sell session, Wal-Mart (WMT) collapsed toward its 50 day EMA target. However, something interesting happened there which we need to discuss: Negative divergences and relatively low volume set the stage for a pullback in WMT shares. Today – on earnings – sellers collapsed the price through the $80.00 support level toward the…

Amazon AMZN Fails at Overhead Wall of Resistance

I featured Amazon (AMZN) as a bearish swing trading candidate in last night’s member report and this morning we’re seeing initial follow-through in the bearish direction as shares failed at a wall of clear overhead resistance. Let’s see what’s happened and what to watch now: In our “Swing Trader’s Zone” of the Idealized Trades Report…

Catching Volatility Explosions 10x Trade Formula Webinar Thursday

I’m so excited about this event, given the big explosion in volatility of the last week. My colleague John Carter of Simpler Trading will be presenting his strategy called “The 10x Trade Formula” and it will specifically teach you how to spot and trade “volatility explosions.” Here’s additional details and your chance to secure your…