So far, price is repeating a pattern that we saw yesterday. Both sessions saw rallies up off a key support level, only to see price break and collapse under this level mid-day to continue the sell-swing (retracement) on the higher timeframe. What’s going on now and what levels are important? Let’s see: Here’s a key…
After yesterday’s Trend Day Down, price stabilized at support into a morning Range Day. However, mid-day we’re seeing an instant breakdown under support which calls our attention. What’s going on now and what levels are important? Let’s see: Here’s a key strategy planning quote from last night’s members-only update: “…[P]rice would be slightly more likely…
On the short-term frame, Gold trades within a well-defined rectangle trading range. Traders can continue playing “Ping-Pong” range-fade trades as long as price bounces between clear support and resistance levels. However, let’s pull the perspective up to the weekly frame to note just how important our current levels have become and what may be the…
Logic suggested a downward swing away from resistance today and that’s precisely what we saw. What’s going on now and what levels are important? Let’s see: Here’s a key strategy planning quote from last night’s members-only update: “Using that logic, our RANGE CONTINUATION Dominant Thesis – as yesterday – will call for trading the market…
Let’s take a moment to update our “Color Structure and Price Trend” charts of our big three US Equity Indexes as we push toward the end of June 2015. As usual, we’ll start with the S&P 500 Index: When we refer to “Price Structure,” we’re referencing the specific series of highs and lows that builds…
Which three “Top Stocks” in the S&P 500 with Rising Wedge price patterns are we highlighting? Let’s take a look at the pattern and these three big names from our scan: We’ll start with MasterCard (MA): The Rising Wedge pattern is also called the “Bearish Rising Wedge” pattern, but the pattern ONLY takes a bearish…
On Friday and today’s bullish session, four stocks in the Dow Jones Industrial Index of big blue chip stocks made new 52-week highs in a strong and persistent uptrend. What are they and what do their uptrends look like right now? Let’s see them and plan our next move: From the screenner in FinViz, we…
Greece is saved! For the one hundredth time. And stocks boosted higher off the open as a result! Nevertheless, here we are as we start a fresh new trading week near all-time highs. What’s going on now and what levels are important? Let’s see: Positive news on Greece (which can change just as quickly with…
After two solid up-sessions, price pulled back in a retracement from resistance today. What’s going on now and what levels are important now? Let’s see: Price “Short-Squeezed” its way up to the 2,125 target yesterday and is now retracing down away from this level on negative divergences. At the moment, we’re focusing our attention on…
Post-Fed Day! Buyers were happy with the Federal Reserve’s statement and thus boosted the market straight up, achieving targets along the way. The uptrend continues and bullish money flow is once again the driver of the market (in a short-squeeze). What levels are important now above 2,100? Let’s see them! Logically speaking, 2,100 is our…