Trading the market is extraordinary easy right now – buy when price touches the lower support and short it when it touches the upper resistance of a clearly-defined trading range. Easy right? Of course it’s not so easy but that’s what’s worked so far in 2017. Here’s today’s updated Emini (@ES) trading levels for your…
Stop what you’re doing and look at the trading range. Now. Take off all indicators and focus on price. We’re still trading within a clear range – no breakout yet – and today’s action fits perfectly in that context. Here’s today’s updated Emini (@ES) trading levels for your trades: We continue to see price –…
If you’ve ever wondered why we chart momentum and volume along with price, BMY tells us why. Today shares literally collapsed back to the lows, down from the prior swing highs. Wouldn’t it have been nice to know this was a distinct possibility? Divergences warned us many days in advance. Let’s study this example from…
A major part of technical analysis (charting) is identifying prior patterns – and their outcomes – and comparing them to what’s happening right now in the market. It’s not to say that history will repeat 100%, but if it does, you have an advantage over other traders who don’t see the pattern (and who are…
Stop what you’re doing and look at the trading range. Take off all indicators and focus on price. We’re still trading within a clear range – no breakout yet – and today’s action fits perfectly in that context. Here’s today’s updated Emini (@ES) trading levels for your trades: We continue to see price – as…
My heart goes out to you if you excitedly decided 2017 was the year you would begin trading the @ES for the first time. I can’t imagine a worse environment to begin your trading journey into the index futures market than this. Yet here we are, January almost over and we have a flat, low…
Stocks that are high-flyers run the risk of crashing back to earth. Goldman Sachs (GS) – a supremely strong stock – plunged $15 from the new highs and is on an expected – if not overdue – sell pathway lower. Let’s pinpoint the chart pattern and note the key levels in play right now for…
If you’re ready for this trading range at the highs to end, you’re not alone. Unfortunately for us, Mr. Market does not want to comply with a breakout. As short-term traders, we plan and play the cards we’re dealt – and right now it’s a clear trading range. Here’s today’s updated Emini (@ES) trading levels…
In the battle for market dominance we still DON’T have a winner! Bulls? Bears? Still nothing. But that’s fine. Instead we remain trapped at the highs in a volatile sideways trading range. Today we’re coming down from the highs. Here’s today’s updated Emini (@ES) trading levels for your trades: Supply and demand move price; it’s…
In the battle for market dominance we still DON’T have a winner! Bulls? Bears? Nada. Instead we remain trapped at the highs in a volatile sideways trading range. Here’s today’s updated Emini (@ES) trading levels for your trades: Supply and demand move price; it’s nothing magical. Right now we’re at a critical reference area –…