Intraday Fibonacci Lessons July 27
The SPY (S&P 500) ETF gave as a few examples of how to use simple Fibonacci retracements for specific purposes of price targeting and trade entry. Let’s take a look at the chart to see what we can learn.
A Quick Comparison of 3x Funds BGZ and BGU
With the S&P 500 up over 40% from its March 6 low, I thought it would be a good idea to take a quick look at 3x Leveraged Bullish Fund BGU and 3x Leveraged Fund BGZ for a chart and percentage comparison. Let’s see them.
Sell Signal Aftermath in Whirlpool WHR
On Monday evening, I highlighted a reader’s question on Whirlpool (WHR) in the post “Doji Sell Example in Whirlpool.” The question was “I got short off a doji but price kept rising – what happened?” Please see the prior post for the answer and my analysis.
Doji Sell Example and Lessons in Whirlpool WHR
A reader asked me a very interesting question this evening that I wanted to discuss with you all (with permission).
The question was in regards to a perceived sell signal in Whirlpool Corp (WHP) due to a doji candle after a large run-up. The question was “Why did the doji fail?” Let’s take a look:
A Lesson on Intraday Triangles and Divergences
The current S&P 500 60-minute structure (and SPY) give us valuable lessons in two ascending triangle breaks and multi-swing divergences. Let’s see what we can learn from this chart.
Intraday Idealized Trade Locations in SPY July 9
I wanted to show a chart of some of the better trading opportunities that presented themselves during today’s intraday trading, so as to serve as a reference to see more examples of these trades and patterns. Here’s today’s structure (Rounded Reversal) that offered a limited number of good set-ups.
SPY Intraday Divergence and Elliott Summary July 8
What a day! Today officially ended as a “Rounded Reversal” or Failed Trend Day Down, but I wanted to take a moment to highlight the numerous TICK and Momentum divergences and also show how overlaying basic Elliott Waves can help you in your intraday trading strategies. This is one chart from today’s “Idealzied Trades” Daily Summary/Trading Reports.
Why 880 in SPX is So Important
I wanted to do a quick update and highlight the 60-minute SP500 intraday chart from the March lows to the June highs and overlay four Fibonacci grids over this move to uncover the hidden confluence zones. Doing so allows us to see why the recent break beneath 880 could be significant.
Intraday Elliott and Normal Chart Opportunities in the SPY July 7
Today’s price action held a lot of lessons for apt traders – let’s take a look at the SPY (US Market proxy) and the intraday chart to see what quick lessons we can learn from today’s price action – technically a Trend Day Down.
Weekly and Daily Conflicting Opportunites in IBM
We’re seeing a very similar situation in IBM’s Weekly and Daily charts that I highlighted in a prior post on RIMM (RIMM: Bullish or Bearish? Depends on Your Timeframe).
If you look in isolation at IBM’s Daily chart, you might want to get aggressively short right here right now thanks to a breakdown of support; however, if you look only at IBM’s weekly chart, you might want to get aggressively bullish thanks to confluence support. What does a trader do? Let’s take a look.