I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
“The End is Near!” For the ongoing Triangle Pattern in the S&P 500 right now at least. We’ve successfully traded the “Ping-Pong” action between these levels but now it’s time to prepare for a likely breakout and new impulse swing in the market. Which way? And exactly what are the levels? Let’s take a look!…
We continue the “Is the Market Retracing… or Reversing” Study with a look-back on the RSI and how divergences have previously preceded major market reversals. In the video we study the 2000 Bull-to-Bear Market Reversals along with the 2003 Reversal back to a Bull Market… and finally the 2007 peak and transition into a Bear…
The Consolidation after the Drop continues with another big trend day to start the holiday week. Let’s chart the levels and possible outcomes here: I provided the upside price pathway to members Friday, speaking in terms of a symmetrical triangle price pattern that targeted a movement up toward 1,955 to 1,960 for a minimum target….
After the 2015 high volatility sell-swing in the US Stock Market, all indicators have been affected by the sell-off. Let’s update our “Color Keltner Channel” Indicator and pinpoint what’s happened and what levels are in play now. Keltner Channels – or Keltner Bands – are similar to Bollinger Bands in that they wrap around price…
A sideways Triangle Pattern is forming in the market right now in a consolidation from the collapse. We have new levels – and new targets – in play. Let’s chart the levels and possible outcomes here: We provide in-depth analysis and planning to members of the Premium Daily Reports – I hope you’ll join and…
I absolutely was NOT kidding when I stressed the extremely high risk of trading inverse leveraged Crude Oil funds! I wanted to follow-up that prior post with today’s chart highlighting the collapse in price of these funds during a modest recovery in Crude Oil. Let’s start with the 3x inverse leveraged Crude Oil ETN –…
Odds strongly favored a continuation of the bullish movement from yesterday (see yesterday’s mid-day update and the planning chart with the green arrow pointing higher) and that’s precisely what happened this morning. Will the bounce continue? Or have we hit a key resistance target level and that’s all we get? Let’s chart the levels and…
After a huge price surge from $600 to $760, Chipotle (CMG) shares retraced to a critical “Make or Break” daily and weekly chart trade planning level. From there, shares are compressing into a clearly defined support and resistance range. Let’s update these levels and note the price pathways going forward for this high-flying stock: A…
Today’s session saw a bullish reaction higher to a key intraday resistance level. Will price break through? Or will 1,935 be today’s high. Let’s chart the levels and possible outcomes here: A V-Spike Reversal late yesterday just above 1,900 set in motion today’s bullish rally toward the 38.2% Fibonacci Target area (1,935). That’s the level…
Are we setting up the fall-leg (sell-off) of a Dead Cat Bounce? Let’s chart the @ES (eMini) and @TF (Russell 2000) futures contracts on the hourly basis. We’ll start with the @ES: During this morning’s live Market Briefing with TradeStation, I highlighted the potential for a “Dead Cat Bounce” pattern to complete to the downside…