Just like that, Apple (AAPL) shares surged toward the price highs of early 2016. Will the bulls keep making money by levitating this stock higher in a breakout? Let’s see! We see the strong uptrend that ended in early 2015 at the $130 per share level as negative divergences and distribution took price down toward…
We’re using two Fibonacci Grids for planning trades in the intraday Emini as noted. Price happens to be bouncing toward and away from these pivot levels perfectly. Here’s today’s updated Emini (@ES) trading levels for your trades: Be sure to revisit last week’s updates regarding Market Internal Divergences and an expected pullback. The logical daily…
From the negative divergences in an overextended market, a pullback was precisely the expected future. However, this pullback was faster and more furious than expected, collapsing the market straight to our targets. Here’s today’s updated Emini (@ES) trading levels for your trades: Be sure to revisit last week’s updates regarding Market Internal Divergences and an…
When setting up your trades, it’s helpful to put them within the context of the trend and key moving averages. Let’s take a look at how we successfully called the current swing “down toward” the rising 20 day EMA, highlight two recent examples, and plan the immediate future for the S&P 500. Here’s a quote…
From the negative divergences in an overextended market, a pullback was precisely the expected future. However, this pullback was faster and more furious than expected, collapsing the market straight into a key target. Here’s today’s updated Emini (@ES) trading levels for your trades: Be sure to revisit last week’s updates regarding Market Internal Divergences and…
We know that US Stocks surged to new all-time highs this week as the Dow Jones broke above 20,000. However, did you know what happened to Gold, Oil, and the US Dollar Index? Let’s scratch beneath the headlines of the stock market to see fund money flow in our quad-market grid: First, stocks traded sideways…
Down from the highs we go! At least temporarily. Yesterday we looked at our negative divergence in Market Internals which suggested a likely pullback (lower) in price… and here it continues today. Here’s today’s updated Emini (@ES) trading levels for your trades: I’m plotting Breadth (Advancing minus Declining Issues) with price to highlight the negative…
How high will this breakout travel? Let’s take a moment to look beneath price to our market internals. Here’s today’s updated Emini (@ES) trading levels for your trades: Finally, we have an exciting and profitable bullish breakout OUT OF our sideways (highlighted) trading range. Unfortunately, we don’t have clear Fibonacci or other key price levels…
The market just became exciting again! After a month in a well-defined sideways trading range, buyers finally won the battle against sellers, resulting in an initial breakout and now a powerful short-squeeze (breakout) in motion. Here’s today’s updated Emini (@ES) trading levels for your trades: Fortunately, we have an exciting and profitable bullish breakout OUT…
Nobody wants to be a “Creeper” but as traders we certainty do enjoy “creeper” intraday uptrends like these. Let’s chart today’s price action with the most recent similar “creeper” intraday uptrend and draw some parallels as to what’s happening and what we can do about it. First, take a look at today’s morning update on…