Disney (DIS) – one of the strongest trending names in the Dow Jones Index – reported strong earnings and revenue this morning, gapping the stock to new all-time highs. However, as soon as the new high popped, sellers crushed the stock back under the breakout level. Let’s highlight the gap, weekly trend (it’s stellar), and…
Quick – let’s take a poll. When will this bull market end? Never? Good guess! Today’s session expanded on the bullish reversal that developed late Thursday as we had another short-squeezed breakout above the 2,110 key daily pivot. Take a moment to read the “S&P 500 Level Planning on the Bull Trap Breakout” update and…
“Will it break or will it hold?” That is the key question facing traders as Keurig Green Mountain (GMCR) sets up a major “make or break” support bounce or bearish short-sell liquidation play off a critical support reference level. Here’s the level clearly highlighted – along with a Descending Triangle – on the Daily Chart:…
If you’re finding the current low volatility environment boring or lackluster, wait a few more days or weeks! The Bollinger Band/Sigma Volatility Chart model is suggesting a near-term spike in Volatility. Let’s update the chart of the S&P 500 and note what’s happened and what’s likely to happen next: If you’ve been trading for any…
Crude Oil traded powerfully up to a known resistance target, and we’ll plan our next trade (or even series of trades) based on this key level and the new targets for the next price swing. Let’s build the case from the Monthly Chart down to the Daily Chart: While not to the same magnitude or…
Apple (AAPL), just like the broader S&P 500, snapped a Bull Trap on a failed breakout which collapsed price rapidly toward a key support target level. Let’s update our Apple chart and highlight the critical “Make or Break” support level after the trap. Apple’s trend remains up (bullish) yet price retraced powerfully down toward a…
If you’re trading Gold or the ETF GLD this week, you probably are suffering a case of whiplash from two traps that triggered this week. Let’s study these two events and then note the key Daily Chart planning levels to recuperate and get settled for the next move. Here’s the Hourly Chart which highlights the…
Today’s Breakdown under support officially triggers a “Bull Trap” Outcome and tilts the market to the bears. Let’s get a quick perspective on the breakdown and highlight the key levels to watch right now in the S&P 500. Here’s the Intraday Hourly Chart which zooms-in the perspective of the Trap: I stressed to members the…
I’m seeing bears celebrate today’s sell-swing but this is actually the most logical/expected outcome given the divergences and weakness into the new highs. Before the bears throw a huge party, let’s take a look at the intraday action and focus on a critical level. Our key focal point is the 2,100 “Round Number” S&P 500…
US GDP, a Federal Reserve (FOMC) announcement, a Dollar breakdown, Twitter’s (TWTR) breakdown, a V-Spike Intervention Reversal (like yesterday), and more. I can’t imagine you being bored with the market, but if you were, price once again threw us an exciting curve ball in the form of a second V-Spike Intraday Reversal amidst all the…