I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
After a rally back to the highs on the post-Fed announcement, sellers struck violently, collapsing the market to the lower Fibonacci Grid lows. What are the lows and our updated levels – and plan? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: As I’ve been highlighting, a short-term pivot…
As April rushes to an end, let’s take a look at our current levels, today’s reversal, and big stocks of the day. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Yesterday’s Fed Day was a typical big up, retracement, big up outcome which took the index back…
The tech-heavy NASDAQ Index is weaker than the S&P 500 at the moment due to down-gaps in leaders like Microsoft and Google. At the moment, the index challenges the key 200 day SMA level for a “make or break” event right now. What’s the level and what are the possible future swing-plays in the NASDAQ? …
The @ES build a key short-term trading range based on new Fibonacci Retracement levels. With today being a Fed Day later, will price break free of this range? Chair Yellen, we’re waiting on you. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Cutting straight to the point, our short-term…
We’re seeing a bullish reversal swing laboriously developing in the S&P 500. Will it hold? And what stocks are our big trenders today? Let’s update our levels for the S&P 500 Index and note the big trending stocks today: A “Rounded Reversal” style intraday price pattern is developing off the 2,075 (2,080) index target. Right…
We’re seeing the logical and expected pullback (retracement) continue to known target levels today. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: As the @ES traded up through the 2,100 “Round Number” target level, a build-up of negative momentum and TICK divergences (red arrows) suggested a pullback was likely….
Have you seen the big swings in Gold and the US Dollar? If you’re trading these markets – or related ETFs – you certainly have but if you missed it, take a moment to look at these interesting and tricky price swings. Here’s Gold (@GC) and the US Dollar (@DX) on the 30-min chart: Both…
Today logically continued the pullback began from the 2,100 level. We’re now at our initial Fibonacci Grid target. What’s the level and what is our plan from here? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: As the @ES traded up through the 2,100 “Round Number” target level, a…
Today gives us another shallow (so far) pullback from the highs toward our initial intraday targets. Is this just another standard retracement to be bought or the beginning of a larger pullback? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: As the @ES traded up through the 2,100 “Round…
The pattern aggressive dip-buying continued as bears once again lost money via an extended short-squeeze. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In the 5-min micro-chart above we see three intervention reversals off steep pullbacks as the trend rose. We’re seeing literal domination by the bulls/buyers…