Might the S&P 500 break powerfully through resistance from the current “Neutral Zone?” If so, what are the upside targets? Let’s highlight our current “Neutral Range Zone” levels and plan for a possible breakout: I’ve been charting for members the “Repeat Pattern” of October 2015 which you can see highlighted above. Let’s start there. In…
If you’re new to Options, or just want a concise refresher on the basic strategies and concepts, check out John Carter’s new ebook “Understanding Options.” As a new trader, I took advantage of simple option strategies to trade high-priced stocks for my then small-size account. Later, I was able to incorporate more advanced strategies as…
Price fell as forecast from the 1,925/1,9230 level toward our 1,900 pivot – where we bounced powerfully today. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: We expected a movement “down away from” the 1,925 level toward 1,900 and price almost exactly achieved this target. A strong…
Price traded into the 1,925/1,930 level in the S&P 500 and stalled for a retracement lower today. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Price fulfilled our expectation and traded sharply higher – impulsively – above the 1,900 level toward the 1,925 target yesterday. Price stalled…
Popular stock Amazon.com (AMZN) rallied to new highs at the beginning of 2016 but price collapsed as the weeks progressed. We now have a retracement to a critical resistance target and our planning comes from what happens here. Let’s chart the level and plan the next price swing to trade: It took just over one…
Trend Days! Bullish Price Action! That’s what we’ve been seeing the last few trading sessions. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: We were looking for upside action “away from” 1,825 “toward” 1,900, then higher on a breakout above 1,900. See yesterday’s post: “February 16 Price…
With the S&P 500 bounce up off support as expected, what levels are we watching for current trades? Let’s simply take a look: As planned in the Daily and Weekly Strategy Report for members, we expected another bounce or rally “up away from” the 1,825 pivot as shown above. Positive divergences appeared at the key…
Casino stock Wynn Resorts (WYNN) was a darling rising stock of 2013 but the trend reversed into a relentless bear market through 2014 to the present. Are shares staging a reversal here? And what levels are important? Let’s take a look: Price more than doubled in the run-up from 2012 to the 2014 peak above…
After sinking to new swing lows together, stocks and Crude Oil reversed higher off positive divergences. Let’s pinpoint the price action and study the lesson from the dual divergences and reversal: The unified chart above tracks the S&P 500 (@ES Futures) with Crude Oil (@CL) on the 5-min intraday chart. Price continued a sell-swing to…
If you’ve not been watching or trading gold, you’ve missed something incredibly exciting and rare. More than not, price trades orderly, moving from one target level to the next. Gold, instead, shot through two key resistance targets like a rocket soaring into space! Let’s update our Gold charts and plot the breakouts above resistance targets…