I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Stop what you’re doing and look at the trading range. Take off all indicators and focus on price. We’re still trading within a clear range – no breakout yet – and today’s action fits perfectly in that context. Here’s today’s updated Emini (@ES) trading levels for your trades: We continue to see price – as…
My heart goes out to you if you excitedly decided 2017 was the year you would begin trading the @ES for the first time. I can’t imagine a worse environment to begin your trading journey into the index futures market than this. Yet here we are, January almost over and we have a flat, low…
Stocks that are high-flyers run the risk of crashing back to earth. Goldman Sachs (GS) – a supremely strong stock – plunged $15 from the new highs and is on an expected – if not overdue – sell pathway lower. Let’s pinpoint the chart pattern and note the key levels in play right now for…
If you’re ready for this trading range at the highs to end, you’re not alone. Unfortunately for us, Mr. Market does not want to comply with a breakout. As short-term traders, we plan and play the cards we’re dealt – and right now it’s a clear trading range. Here’s today’s updated Emini (@ES) trading levels…
In the battle for market dominance we still DON’T have a winner! Bulls? Bears? Still nothing. But that’s fine. Instead we remain trapped at the highs in a volatile sideways trading range. Today we’re coming down from the highs. Here’s today’s updated Emini (@ES) trading levels for your trades: Supply and demand move price; it’s…
In the battle for market dominance we still DON’T have a winner! Bulls? Bears? Nada. Instead we remain trapped at the highs in a volatile sideways trading range. Here’s today’s updated Emini (@ES) trading levels for your trades: Supply and demand move price; it’s nothing magical. Right now we’re at a critical reference area –…
Buyers and sellers continue to struggle for dominance at the highs and right now neither side is winning. Here’s today’s updated Emini (@ES) trading levels for your trades: Supply and demand move price; it’s nothing magical. Right now we’re at a critical reference area – 2,270 in the @ES which is just under the all-time…
I always find it fascinating when price does exactly what it’s supposed to do – and profitable! After two “bear trap” failed breakouts, price fell sharply to our first Fibonacci target just now. Here’s today’s updated Emini (@ES) trading levels for your trades: As discussed and planned last night with members, we were expecting a…
Crude Oil gives us a textbook example of a reversal pattern – with negative divergences – into resistance. If you missed trading this move, that’s fine as this pattern will repeat in various markets – including yours. Here’s the pattern and combination of reversal factors for your educational benefit: First, the $53/$54 price level in…
Bull Trap? Breakout? Both bulls and bears and fighting for dominance… and neither side is winning right now. Here’s today’s updated Emini (@ES) trading levels for your trades: Our bullish V-Spike Reversal (blue) off 2,228 set the stage for a continuation of the uptrend and bull market. After two pullbacks (retracements), price surged to new…