I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
After yesterday’s Fed Day, stocks surged back toward the prior high, breaking their Fibonacci Grid. Here’s today’s updated Emini (@ES) trading levels for your trades: For a bit of context and extra planning, see yesterday’s “S&P 500’s Fourth Successful Bull Flag in Motion” post. We’re still monitoring the bullish action emerging from the breakout above…
If you’re keeping track, the market is poised to complete its fourth successful Bull Flag Retracement since reversing higher in November 2016. While it’s an impressive feat, it’s our job to make it profitable as price continues the bullish pathway. Here’s the pattern and potential pathway to more profits as the uptrend continues: Since November,…
It’s the Ides of Mach! And a Fed Day! Do you know where your Fibonacci Levels are? If not, no worries! That’s what I’m here for. Here’s today’s updated Emini (@ES) trading levels for your trades: We have a possible Double-Bottom or Dual V-Spike Reversal (arrows) at the 38.2% Fibonacci Level (2,352). Our other near-term…
We’re still seeing range action between our key short-term Fibonacci Levels in the Emini @ES. Here’s today’s updated Emini (@ES) trading levels for your trades: The gap-down this morning collapsed price away from the 2,370 level back toward the 38.2% level at 2,352. At the moment, we’re seeing an initial intraday rally/reversal higher away from…
Popular wearable Fitbit (FIT) and GoPro (GPRO) both plunged over 4% today, continuing their ongoing downtrends to new swing lows. Our foundational principle at Afraid to Trade states “stocks that are weak tend to get weaker” and these two related names show us why we hold this principle and what to expect from “weak stocks…
After gapping higher Friday, stocks stalled beneath our key short-term Fibonacci Level. We’re seeing price trade just shy of this level so far today. What’s the level and what’s the plan? Here’s today’s updated Emini (@ES) trading levels for your trades: We’re once again focusing on the 2,368 @ES level (highlighted) as a key make-or-break…
The “Three Push” Reversal pattern is one of my favorite chart patterns and set-ups to trade. When it works, it can produce explosive gains quickly – often overnight. Finisar (FNSR) gives us the most recent example of the Three Push Pattern on Negative Divergences via today’s collapse from the high instantly to a new chart…
A slightly better than expected morning Jobs Report sent shares surging on Wall Street, gapping the market up. Notice that we’re playing right now back into our key 2,368 Fibonacci Level which we’ll use as today’s plan. Here’s today’s updated Emini (@ES) trading levels for your trades: Yesterday’s breakdown sent shares tumbling toward the 2,350…
Well folks, here we are, crashing through the “First Fib” down to the official 38.2% Fibonacci Target. After a series of tiny “stabs” through our 2,368 level, the @ES finally collapsed lower just now to our target. Here’s today’s updated Emini (@ES) trading levels for your trades: Strangely enough, this is how Fibonacci is “supposed”…
I’ll be honest – I stopped caring about Crude Oil for most of 2017 because it’s been in a flat, sideways trading range. However, that all changed today with a big breakout and spike in volatility! Let’s chart it and see what might be next from this boring-to-exciting market: In our weekly member strategy report,…