The stellar intraday reversal in the US Equity Indexes mid-day June 3rd gives us a great educational reference lesson in visual chart patterns that tend to precede divergences and how we can adapt in real time. Let’s take a look at the downtrending intraday action, multi-swing (and multi-indicator divergences), and the trendline breakout that triggered…
What are near-term and longer-term trends in money flow on the Cross-Market or Intermarket Landscape revealing about the current environment and factors to be watching currently? Let’s start with the Daily Chart or Short-Term View and then broaden our perspective going back to 2009: As I do for weekly membership reports, I’ll use the SP500…
It’s helpful to study the trades of the day to learn important lessons we can apply to future sessions. We want to know if we made any mistakes and thus need to correct them, or whether the market gave a valid trade signal yet real-time developments overruled the original trade, resulting in a loss. Sometimes…
As a trader, I’m drawn to key price or trendline inflection points that generate simple “IF/THEN” strategy planning events depending on how price interacts at a critical reference level. At the moment, Amazon (AMZN) shares are trading down from a critical inflection point that will set the stage for short-term trading strategies for the stock….
I wanted to highlight a curious situation with Market Internals in respect to the recent breakthrough above 1,600 in the SP500 (and 15,000 on the Dow Jones) and note the message from Internals. While internals are always secondary to price, it’s still important to listen to the message sent by the number of stocks advancing…
What looks like a “can’t miss” trading opportunity on one timeframe may be an equally compelling “can’t miss” opportunity on a higher timeframe, but in the exact opposite direction. In other words, what looks like a grand breakdown opportunity on a Daily Chart may be a high probability bull-flag retracement set-up into support on the…
A member asked me about the relatively low intraday TICK readings on Friday’s big breakout above 1,600 in the SP500 and 15,000 in the Dow Jones and wondered why the TICK did not spike well above 1,000 on the opening gap and intraday breakout higher. For example, the NYSE Intraday TICK high on an ohtherwise…
I wanted to highlight an interesting pattern that emerged from a quick comparison of the 2003 – 2007 Bull Market to the present Bull Market beginning in 2009 (and extending indefinitely at the moment). Let’s see what possible price pathway may be in store if history is a guide, while being impressed at the similarities…
Let’s take a quick check of our ongoing view of Market Structure, which we last updated in our April 10 “Interesting Breakout Structure” update. We can now see the resolution of the “interesting” situation that developed recently. We’ll start with the @ES Futures (SP500 Index): In the prior update, we viewed the market pushing into…
I hope you can join us this Thursday, April 4th after market close (4:30 EST/3:30 CST) for a live educational webinar sponsored by Trader Kingdom and Mirus Futures. Entitled “Three Intraday Price Projection Techniques,” I’ll be describing three different methods for selecting a price target for your intraday or short-term swing trades. Playing for a…