I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
In the event price doesn’t extend another six days higher – or infinitely higher – we’ll see another reasonable retracement develop. Let’s update our Fibonacci Grid to plan for this possible pullback should it actually occur. Here’s today’s updated Emini (@ES) trading levels for your trades: The way traditional Fibonacci Grids work is that we…
Media giant Disney (DIS) surged through a key resistance level at $100 and now achieved a key weekly pivot. What is it and what’s the plan for trading Disney (DIS) short term right now? Let’s see it in motion! The company famous for giving us Mickey Mouse formed a rounded reversal on positive divergences –…
Buyers continued their relentless campaign of accumulating stocks as the S&P 5oo broke to new lifetime highs. Here’s today’s updated Emini (@ES) trading levels for your trades: I’ll update the Emini Fibonacci Grid once price actually starts to pull back (retrace) from the squeeze to new highs. Until then, our goal should be trading in…
The US Dollar Index caught a strong bullish bid this morning, surging up away from our known Fibonacci Confluence target. What was it and what should we be watching now? Let’s see clearly: First, take a moment to read our prior post “Dollar Drops to Fibonacci Target.” I highlighted the confluence of the 38.2% Fibonacci…
Bullish repbalancing plus a powerful short-squeeze is boosting the US Equity Market to all-time highs at the beginning of December. Let’s get a quick check on the S&P 500, Dow Jones, and the NASDAQ to see which levels are key now: The S&P 500 isn’t the strongest market right now; it’s actually the Dow Jones….
Buyers continued their relentless campaign of accumulating stocks as the S&P 5oo broke to new lifetime highs. Here’s today’s updated Emini (@ES) trading levels for your trades: After a pullback took the market toward our 23.6% Fibonacci Level last week, buyers aggressively intervened on the Double Bottom with Divergence pattern I highlighted Friday: In a…
Today keep the bullish pressure going – so far – on the bounce up away from our Emini Fibonacci Level. Here’s today’s updated Emini (@ES) trading levels for your trades: After a pullback took the market toward our 23.6% Fibonacci Level last week, buyers aggressively intervened on the Double Bottom with Divergence pattern I highlighted…
The S&P 500 isn’t the only market you can track using intraday charts and Fibonacci Levels. Let’s carry forward the same logic to the intraday @DX US Dollar Index and plan the next swing from here. We see the US Dollar Index on the 30-min chart on a rally from 97.00 to 102.00. Note the…
Triple-Leveraged ETFs are the wild-west of the short-term trading landscape. You can triple your gains if you’re right or triple your losses if you’re wrong. Here’s a good example of a boom-to-bust quick-cycle in Natural Gas 3x inverse (short) ETN DGAZ: I’m a huge proponent that 3x inverse ETFs should be used ONLY by day-traders…
It’s always exciting when price does exactly what it should! Here we’re seeing a rally up away from our Fibonacci Retracement level after Friday’s positive divergence and ‘double bottom’ short-term reversal price pattern. Here’s today’s updated Emini (@ES) trading levels for your trades: Traditional odds strongly favored a pullback and that’s precisely what we’re seeing….