While we’re watching the stock price of United and the passenger incident, we’re perhaps not watching what’s happening with Delta’s (DAL) stock which is at a critical pivot price. What’s going on with Delta’s stock and how might it be ready for a bounce off a key target?  Let’s see: I couldn’t resist discussing United…

If you were puzzled as to why United Airlines (UAL) stock didn’t collapse – or at least fall – yesterday, join the crowd. As word spread via daytime news, Twitter, Facebook, and other sources about the forced removal of a passenger from a flight, the price of UAL actually increased. Logic – and the bad…

Well that’s what we’ve been waiting for!! Price broke beneath our short-term Fibonacci Support level and is collapsing toward the lower target. Here’s today’s updated Emini (@ES) trading levels for your trades: Today reminds us why patience pays – especially when awaiting a range breakout. Sellers shattered the 2,345 support level, opening up a morning…

Reality: It’s NOT a thrilling and exciting range, but that’s where price remains as we begin this new week. Here’s today’s updated Emini (@ES) trading levels for your trades: Ever since peeking out of the range and experiencing a Bull Trap, price remained within our Fibonacci Grid. Our key levels remain the 23.8% pivot at…

This morning’s lower-than-expected Jobs Report didn’t shake up the equity market, but we’re seeing big reactions Friday in three key markets (and a surprise in one). Let’s chart our intermarket grid and prepare ourselves for additional study over the weekend: I’ll be briefing members fully this weekend but wanted to share a quick insight about…

After a surprisingly lower monthly Jobs Report number, equity prices shrugged it off without a reaction. As such, we remain within our new short-term trading range between two key Fibonacci Levels. Here’s today’s updated Emini (@ES) trading levels for your trades: I wish I had more information for you but the market remains within our…

Amazon (AMZN) appeared as the #2 top stock in our compression scan recently and it didn’t disappoint us with a powerful breakout impulse to all-time highs. However, today we’re seeing a standard “fade” or retracement trigger away from the highs. As I noted yesterday – and wanted to highlight for you today – Amazon set…

In reaction to yesterday’s Fed Minutes report, sellers collapsed the market back inside our larger Fibonacci Grid. However, buyers stepped in this morning exactly at our 38.2% level. Exciting! Here’s today’s updated Emini (@ES) trading levels for your trades: Traders hate traps but they are a factor of trading life. Yesterday’s Bull Trap (failed initial…

Here we go! Bulls are back in control with today’s opening action and Fib Grid breakout. Here’s today’s updated Emini (@ES) trading levels for your trades: A “Bull Flag” or “ABC” Elliott Correction took us toward the 61.8% larger Fibonacci Level. Buyers surged back into the market, reversing price higher off the 2,320 key reversal…

We’re still using our Fibonacci Grid to assist intraday trading decisions. Let’s take a moment to expand our grid slightly to account for the wider trading range we’re seeing now. Here’s today’s updated Emini (@ES) trading levels for your trades: First, let’s recap our accurate trading strategy and quote that set the stage for today’s…