I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
After a large rally – or lengthy decline like we’re seeing in WYNN Resorts – you can build a Fibonacci Retracement Grid of Confluence for the stock. The goal is to identify short-term and longer-term upside bounce (rally/retracement) targets. We start with a potential reversal low and then “build” Fibonacci Retracements from the high and…
After price broke out of our intraday triangle to achieve a downside target, we’re now seeing a rally off the lows. 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…
In simplest terms, we expected a pullback in Amazon (AMZN) shares and that’s exactly what we got. See our prior trade planning update from October 10th on the Pullback Yet to Come in Amazon. What that trade plan in mind, here’s the pullback exactly as forecast: Again, view the prior planning for how we set…
And just like that, price broke out of the triangle all the way to the initial target of the prior low! 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 targeting the prior swing low near 2,110,…
After yesterday’s breakout, price plunged through all levels to the lower Fib Grid Zone. Right now, we’re seeing a logical bounce up away from our lower Fib Level to our current upper one. 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…
Our Fibonacci Levels work. Be sure you’re using them and overlaying them on your Emini Charts. 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. As I highlighted to members last night, a move under our 2,156 level…
Amazon (AMZN) shares are forming another Arc Pattern into the $845 per share level. What does this mean and what’s the plan to trade the next immediate swing? Let’s see. Amazon (AMZN) shares are in a confirmed and persistent uptrend. We like to identify “Strong Stocks Getting Stronger” and buy pullbacks in strong uptrending stocks….
What’s superior – the Triangle Pattern or our Fibonacci Grid? Or both?! 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’ve been highlighting the Symmetrical Triangle (red/green) in our plans and we’re seeing price bounce up away…
We had our Monthly Jobs Report this morning and – as can be expected – price is volatile after the report. However, as of this moment, the high and low of today’s session is roughly within our Fibonacci Grid! Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a…
“It’s all about the Fibs, about the Fibs… and Triangle.” There’s no change in our Fib Grid and Triangle Trendlines as the market remains within our key levels. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning…