I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Chipotle (CMG) reminds us exactly why WE DO NOT fight or fade a trend in motion. After market close Tuesday, Chipotle (CMG) reported earnings of $0.79 per share which was half of the Wall Street consensus estimate of $1.62 per share. Not surprisingly, shares collapsed and broke through a Rectangle Support trendline with a 10%…
You’re truly missing out if you’re not bookmarking and following our morning Emini Fibonacci Grid. It works! Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades: Here’s a reference guide of how to use and trade from these morning updates. We saw a strong gap-DOWN into our 2,128 level and a rapid…
You’re truly missing out if you’re not bookmarking and following our morning Emini Fibonacci Grid. It works! Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades: Here’s a reference guide of how to use and trade from these morning updates. We’re seeing price push UP AWAY FROM the 2,110 low through our…
You’re truly missing out if you’re not bookmarking and following our morning Emini Fibonacci Grid. It works! Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades: Here’s a reference guide of how to use and trade from these morning updates. After a very slight gap-down under 2,128, price rebounded into a bullish…
You’re truly missing out if you’re not bookmarking and following our morning Emini Fibonacci Grid. It works! Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades: Here’s a reference guide of how to use and trade from these morning updates. With the exception of yesterday’s touch-back of the rising triangle trendline, price…
As a trader, we need to celebrate those moments where things actually work as expected. It’s even better when the expected outcome happens on such a popular stock like Netflix (NFLX). Let’s chart the original triangle and follow the footsteps of price into this week’s bullish breakout surge: First, take a moment to review my…
After sharply plunging at the beginning of October, Gold is now making a bullish short-term reversal higher. Let’s update our @GC Gold Chart, pinpoint the positive divergence, and overlay a Fibonacci Target grid for clues: For Weekly Members, we were bearish going into the $1,350 target level as negative momentum divergences undercut the rally up…
You’re truly missing out if you’re not bookmarking and following our morning Emini Fibonacci Grid. It works! Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades: Here’s a reference guide of how to use and trade from these morning updates. We’re seeing our expected rally up through our Fibonacci Levels from the…
You’re truly missing out if you’re not bookmarking and following our morning Emini Fibonacci Grid. It works. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades: Here’s a reference guide of how to use and trade from these morning updates. After falling under the 2,128 level in a Trend Day, price reversed…
Price broke the triangle, fell to the “prior low” target, bounced higher, and is now trading down through our levels. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades: Here’s a reference guide of how to use and trade from these morning updates. In playing the rally from the prior swing low…