I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
You’d think today would be different but it’s not – and that gives us an edge as traders. Here’s today’s updated Emini (@ES) trading levels for your trades: Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid. Still! The market hasn’t made much progress since late May as price remains…
Shares of General Electric (GE) sank lower today after forming a larger Weekly Arc Reversal pattern. Let’s see the pattern and pinpoint the current support/target levels for price right now: We see a long term uptrend from 2012 continue until the 2016 peak above $32.00. During the 2016 period, price stalled with a “Rounded Reversal”…
We’re baaaaaaack! And probably never, ever, ever leaving the Emini Fibonacci Grid. That’s of course not true, but for now, we’re back within our grid! Here’s today’s updated Emini (@ES) trading levels for your trades: Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid. The yellow “midpoint” highlight stretches from…
Tesla (TSLA) shares plunged this week, collapsing from the $380+ peak toward the $300 level. How did it happen and what’s the play from the currently achieved support target? Let’s discover together: First, take a look at yesterday’s lesson on trend reversals in Foot Locker (FL). With that information, we see a similar push up…
Even with today’s morning drop, the @ES remained within the Fibonacci Grid we’ve held since June began. Here’s today’s updated Emini (@ES) trading levels for your trades: Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid. The yellow “midpoint” highlight stretches from the 2,420 level to 2,432. Price gapped down…
Foot Locker (FL) collapsed from the highs, turning the trend quickly from up to down (bull to bear). How’d it happen and what specific steps did price take ahead of the reversal? Let’s use FL as a quick study in modeling long-term trend reversals: Foot Locker gives us a textbook study in trend progression. Trends…
The market remained within the tight Fibonacci Grid we’ve held since June began. Here’s today’s updated Emini (@ES) trading levels for your trades: Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid. The yellow “midpoint” highlight stretches from the 2,420 level to 2,432. We’re BACK within the short-term range. Note…
Fun with Fibonacci! As we enter the 4th of July holiday, let’s update our Fibonacci Grid. Here’s today’s updated Emini (@ES) trading levels for your trades: Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid. The yellow “midpoint” highlight stretches from the 2,420 level to 2,432 where price reversed this…
I’m so thankful for your patience this last week as we upgraded our site and transferred it to a new hosting company. The process took longer than expected but we’re ready to get back up and running without missing too many beats! Stay tuned as we provide daily commentary and strategies for active day and…
The market can’t seem to break cleanly from this new sideways trading range beneath the high. Here’s today’s updated Emini (@ES) trading levels for your trades: We do have new Fibonacci Retracement levels but the market appears to be building a more specific range just beneath 2,380 and 2,390. Those are simple reference levels you…