I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Don’t adjust your dial! Yes, we’re STILL within the Fibonacci Range. Here’s today’s @ES Fibonacci Grid in play: I highlight these levels develop a game-plan for the next trading day for our members. We remain RANGE NEUTRAL between the 2,438 and 2,448 Fibonacci Levels. With the exception of tiny traps, the buyers and sellers balanced…
As we trade today’s session, we’re STILL within the tiny Fibonacci Boundaries of yesterday. Here’s today’s @ES Fibonacci Grid in play: I highlight these levels develop a game-plan for the next trading day for our members. We had a NEUTRAL pivot bias between the 2,440 and 2,448 Fibonacci Levels… and lo and behold that’s exactly…
We expect Range Contraction (consolidation) after big Trend Days like yesterday. At the moment, that’s exactly what we’re getting with today’s tight intraday range. Here’s today’s @ES Fibonacci Grid in play: I highlight these levels develop a game-plan for the next trading day for our members. We had a NEUTRAL pivot bias between the 2,440…
The last time I posted on SnapChat (SNAP) I clearly highlighted the “Aggressive Bottom Fishing” taking place. Here’s the successful outcome of that bullish “fade/reversal” play as price crept strongly higher toward our falling EMA target. Let’s take a look and see what the plan is from here: Again, take a look at my August…
We know that volatility is lower in our current environment, but by how much… and what does it mean? Is it going to change or stay this way forever? Let’s take a quick look: First, take a moment to view my prior update “Charting How Volatility has been Zapped from our Current Market” for a…
Traps on both sides of the market? Another surge off support! Sounds like a typical week. Here’s today’s @ES Fibonacci Grid in play: Our analysis (that I’ve correctly been highlighting to members) had us focusing on 2,420 as a critical support/bounce price pivot level and today we’re seeing the outcome of that critical “last support”…
Can they do it?! Can they do it? Buyers will be eager to step in to hold support at the current critical pivot for ULTA shares. What’s the pivot and what’s the swing trading play from here? Before we get to the pivot play, let’s look at the beauty of the divergence and clear reversal…
Shares of Lululemon (LULU) jumped today, but merely continued the “ping-pong” between the 20 and 50 day EMA price pivots. It also held a key support level from our Fibonacci Grid. What’s going on? Let’s see it: Shares plunged in 2017 from $70.00 beneath $50.00 but have since recovered. Strangely enough, shares sit right at…
How far have the “Big Three” US Equity Indexex pulled back, what level tips them into a “Correction,” and what level throws us into a new Bear Market? Here’s a new Reference Grid for you to determine the exact levels – as of right now. What we’re seeing is the Dow Jones Industrial Average, S&P…
During today’s big sell session, Wal-Mart (WMT) collapsed toward its 50 day EMA target. However, something interesting happened there which we need to discuss: Negative divergences and relatively low volume set the stage for a pullback in WMT shares. Today – on earnings – sellers collapsed the price through the $80.00 support level toward the…