Daily Commentary

Monday’s strong bullish session thrust price into our 2,070 Fibonacci Target where our reversal occurred. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: I flipped the grid to reflect the recent UPWARD retracement away from the 2,040 level to the 2,100 high. We’re focusing on the 2,060 level (so…

Apple (AAPL) is tricking traders right now with a possible failed breakdown or Bear Trap Trigger. Let’s update our charts after last week’s “Apple Support Bounce Challenge” and plan the next move. We’ll start with the Daily “Price Only” Chart: First, take a moment to read last week’s post on the “Support Bounce Challenge” at…

After a strong sell-swing took the market down Friday, we’re seeing a strong recovery bounce this morning. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Price traded down Friday sharply lower into the 2,041 “final Fibonacci” target level where buyers entered. Price bounced up away from this level through…

Despite the recent gaps and volatility, price remains within our well-defined Fibonacci Retracement grid. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Our Fibonacci Retracement Level Grid continues to serve as targets and reversal points. Yesterday’s high and low were into the 2,070 and 2,050 wider pivots as highlighted….

Amazon.com (AMZN) shares continue their strong bullish dominance and a new breakout opportunity continues to deliver profit to active bullish traders. Let’s note the larger trend and focus on the current breakout to new highs in an ongoing powerful uptrend: “Stocks which are strong tend to get stronger” and Amazon (AMZN) continues to strengthen powerfully….

After a bit of surprise this morning with a gap-up (into a target) and collapse back to lower levels, price developed a wide-range morning session (20 @ES Points). Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Our short-term Fibonacci Retracement Grid remains effective in planning short-term swings and trades….

The “bullish reversal play” was successful and price traded down again its short-term target today. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: As we saw from this morning’s post and the prior planning in the membership, price successfully rallied up away from the 2,040 pivot (on…

The rally took price into our Fibonacci Retracement level just shy of 2,080. We expected a pullback (retracement) from this level and that’s precisely what we’re seeing. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: From last night’s report, we were cautious/bearish into the 2,080 target in the @ES…

Apple (AAPL) shares face a critical support bounce challenge – a key opportunity for traders – at the $92.00 level. Let’s focus on this level and plan a trade on the departure from this immediate level. We’ll start with the Daily Chart: Apple (AAPL) rallied on positive divergences “up away from” the $92.50 level in…

Price is rallying sharply up away from the 2,040 level as expected and achieving our upside targets. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: From our Daily and Weekly Planning, we have been support-bounce bullish from divergences at the 2,040 @ES level. Friday’s reversal set in motion our…