Bouncing UP into our Emini Fib Grid Sept 14

Yesterday was a wonderful day for trading, as the market signaled a daily short-sell set-up and the intraday action unfolded beautifully with pure price swings and clear resistance/support levels. Rather than muddy up a chart, I thought I would indicate the pure action using the 15-minute chart with nothing but price and moving averages. Moving…

When doing ETF scans, I came across three “Rocket Arc” Patterns I wanted to share with you. Let’s take a look at these three “Rocket Arc” Patterns in these country-based ETFs following Greece. We’ll start with a “Perfect Arc” Pattern in Germany iShares (EWG): I like the “Arc Trendline” or “Rocket Arc” Pattern because it…

I mentioned earlier in my post “So This is What Resistance Looks Like” where I noted that 950 was becoming increasingly difficult for the bulls to clear – they still haven’t cleared that level. Let’s step inside the 30 min chart on the S&P 500 to see the recent price action and current structure.

Santa just stuffed our stocking earlier with a 5.0% US GDP growth, sending stocks gapping higher this morning. So far, price has held the gain and trades at a fresh new all-time high. Be sure to see this morning’s “Big Picture Update” for a comparison of what that looks like on the Monthly Frame. Let’s…

We have yet another sell session in motion, let’s take a moment to highlight key levels, read breadth, and find opportunities in the top trending stocks for the day. We’ll start as usual with our S&P 500 level chart: Ultimately, price is doing exactly what it should be doing, at least in terms of breaking…