I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
We’re seeing the expected bounce for the @ES forecast from last week’s positive divergences. Price traded through two Fibonacci Retracement Targets. What are they? What’s the plan now? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: From our Daily and Weekly Planning, we were support-bounce bullish from divergences at…
In the membership we were calling for a high-probability reversal away from the 2,045 level. After one more dip beneath this level, we’re likely finally seeing the beginning of our intraday trend reversal. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Multiple Positive Momentum and TICK (with…
Priceline (PCLN) gapped down from a lengthy trading range yesterday but may be trying to re-enter it. Let’s search for “Patterns in Priceline” and plan any trading opportunity from there: First, let’s focus on the Rising Range Price Pattern as highlighted above. PCLN is a high-priced stock that traders can approach with option strategies, even…
Happy Cinco de Mayo! We’re seeing an expected bounce (rally) on divergences up away from the 2,040 @ES level. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: From tonight’s member report, we were STRONGLY BULLISH for a BOUNCE (plan) going into today’s session. So far, that analysis was correct…
Price broke support to new swing lows today as a deeper retracement takes hold of the market. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: The intraday chart shows a short-term downtrend (lower lows and lower highs) with price dropping to new lows under 2,050 today. We…
Cutting to the point, Apple shares (AAPL) either support-bounce and rally up away from the $93.50 level or else we see another collapse and breakdown lower. Either way, whether or not you’re trading Apple for fun or profit, focus your attention on what happens here: Our “Price Only” Chart shows the downtrend (lower lows and…
Though rallying to the $47.00 per barrel short-term target, Crude Oil reversed lower with a multi-day retracement and gap-down this morning. We have new levels to watch for targets and possible bounce points, as seen in our grid below. Here’s today’s updated Fibonacci trading levels for your trades in Crude Oil @CL: To compare Oil’s…
You may be surprised at how well our short-term Fibonacci Planning Grid is working to call quick reversals. What are these levels, which level was a reversal point Monday, and what level is key right now? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Simply stated Friday reversed up…
You may be surprised at how well our short-term Fibonacci Planning Grid is working to call quick reversals. What are these levels, which level was a reversal point today, and what range are we watching? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Simply stated Friday reversed up off…
If you’re just watching stocks, you may be missing this powerful Triangle Breakout surge in Gold. Check out the pattern play and the breakout to our key target in Gold right now: I color-coded the price-only chart above to highlight the Pattern, Trendlines, and the current Breakout Surge. As I’ve highlighted especially to members, a…