The weekend collapse took us straight into our “Final Fibonacci” Target, where we’re seeing a morning rally. Here’s today’s updated Emini (@ES) trading levels for your trades: We got it right again in the strategy planning for members, as I wrote Friday: We’re perhaps nearing the end of the retracement or at least the end…
“Trends, once established, have greater odds of continuity than of reversing.” Micron (MU) is a stellar stock that reveals this price principle over the last few years. Let’s take a look at Micron (which is gapping up strongly today) with respect to two trend reversals and the stable persistence of these trends in motion. A…
Our short-term Fibonacci Grid continues to capture the highs and lows of the last couple sessions in the @ES. Here’s today’s updated Emini (@ES) trading levels for your trades: Keeping it simple as we do with our members, we’re focusing on the 2,352 and 2,338 @ES Fibonacci Levels. With the exception of a tiny trap…
Often after a crash comes a recovery. That’s what’s happening at the moment in the Emini (this morning). Here’s today’s updated Emini (@ES) trading levels for your trades: We were correct in our strategy planning that “big move” would be likely if sellers broke the market beneath 2,370. Price then moved not just toward our…
Google (GOOGL) rallied a second time into a key reversal or “fade” set-up and delivered the goods. Let’s take a look at this “Divergence plus Upper Bollinger” pattern and learn what we can from this example. Most trades are either taken in the direction of a prevailing trend or against it. While I prefer pro-trend…
After a 30 point @ES Crash yesterday, we have a bounce near our 50% Fibonacci Level. Here’s today’s updated Emini (@ES) trading levels for your trades: We were correct in our strategy planning that “big move” would be likely if sellers broke the market beneath 2,370. Price then moved not just toward our 2,352 target,…
Get ready for Trader Education Week! Traders Classroom and Club EWI are opening up March 20 – 24 as the official “Trader Education Week.” 25-year trading veteran Jeffrey Kennedy will be walking you though lessons he’s learned and insights from his trading career. Specifically, you’ll discover insights to the Elliott Wave Principle and how it…
This morning we just updated the “Stock market crashing through key target levels” but what’s happening beyond the stock market? What’s happening to Gold, US Treasuries, and the US Dollar? Are they surging or crashing too? Let’s find out as volatility has clearly returned to our markets: Using the stock market as our baseline, we…
And there we go! Support failed at yesterday’s “Make or Break” level, reminding us how we set up our game plan and execute it. Here’s today’s updated Emini (@ES) trading levels for your trades: Here’s the key planning quote from last night’s member report: Ultimately buyers step in and defend the critical 2,370 level –…
Disney (DIS) continues to be a “strong stock getting stronger” which is evidenced by today’s creep-up to a new 52-week high. Let’s chart the creeping uptrend that took us back to the new swing high of $113 per share. When “strong stocks get stronger” like Disney, they often leave a trail of negative divergences to…