NVIDIA NVDA Crashes Through Bearish Wedge to Daily Target

Bullishly trending NVIDIA (NVDA) just broke a bearish rising wedge on negative divergences, collapsing instantly to a daily chart support target. What’s up next for the stock and is there a trade in it?  Let’s check: NVIDIA repeatedly showed up on our “Strong Stocks Getting Stronger” scan, but the recent negative momentum and volume divergences…

Critical Swing Trader Support Test in Netflix NFLX Here

Netflix (NFLX) gives aggressive traders a chance to play a triple-support price level now. Let’s pinpoint this confluence and plan the “departure” trade from this critical pivot: We’re seeing three factors overlap as probable support just beneath $170.00: The 50% Fibonacci Retracement The 50 day Exponential Moving Average (EMA) and the Prior Price High from…

Quick Quad Market Reaction to North Korea News Aug 10

Continuing our thought process from this morning, let’s take a look at the snap-reactions and sudden price movement in our Quad-Market Grid. We’re seeing Stocks plunge, collapsing to new swing lows and breaking Daily Chart support. “Risk-OFF” safety assets like Gold (especially) and US Treasuries surged higher on the news. The US Dollar – and…

It Took the Threat of Nuclear War to Send the Dow Down 100 Points Today

I’m joking of course but doesn’t it feel that way? With rhetoric ramping up over North Korea, maybe that was the only thing that could send this market even slightly lower from its non-stop bullish uptrend. Let’s update our chart and note what’s happening with the Dow Jones at a key price target: The Dow…

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August 8 Perfect Intraday Emini Trend Reversal Lesson

While new traders aren’t encouraged to fight/fade trend in motion, there are specific setups that increase the odds to successfully catching an intraday trend reversal. Let’s see a few examples from today’s textbook trend reversal: We started the day with another rally up away from the 2,475 critical pivot (that I’ve correctly been highlighting to…

Charting How Volatility has been Zapped from our Current Market (and what to do about it)

If you’re having trouble making the daily or weekly profits you’ve gained in the past, you’re not alone in this current low volatility market environment. All things are temporary, and this too shall pass, so before the situation changes, let’s take a look at our extremely tight, compressed, low volatility stock market: We’re seeing the…

Emini SP500 Slowly and Gently Drifting to the Highs Aug 7

After a narrow range developed between 2,465 and 2,475, we’re seeing a soft bullish drift take place today. Here’s today’s updated Emini (@ES) trading levels for your trades: I’m not sure this bull market will ever end, as we’re drifting back toward the prior high. With the bullish rally today, note the upward pathway toward…