I wanted to highlight the Three Push Reversal Pattern which led to the Cradle Trade on today’s intraday SPY chart. Let’s see these trade set-ups! I’ve done something a little special for you in tonight’s post. I get a lot of questions about my “3/10 Oscillator” I use so I wanted to show you how…
The moment Bulls have been anticipating has arrived: The S&P 500 Index officially formed a “Cradle Buy” signal with today’s bullish action (also known as a “Golden Cross”). Let’s see this up close and discover what it might mean. Before we get to the cradle, let’s look at the “Three Push” pattern, or Triple-Swing Positive…
A reader asked me to take a look at Las Vegas Sands (LVS) and I found some fascinating patterns, including a complete Elliott Wave Count, Cradle Trade, and Bear Flag. Let’s see these in action! Las Vegas Sands (LVS) Weekly: Las Vegas Sands is a Gambling/Recreational Company famous for their casinos. Price made an all-time…
On each intraday post, I try to highlight a key trade set-up or structural point that occurred during the day. Today, I wanted to highlight the Two Flags – one bull and one bear – as well as the Two Cradle Trades that set-up during the day. Let’s see them in action! The day began…
A couple of readers have asked me to take a look at Copper prices, which have been tracing out a similar pattern to Crude Oil. Let’s take a quick look at the Weekly and Daily charts of Copper, which includes as massive Rounded Reversal and recent Cradle Trade. Copper Weekly: Just like many other commodities,…
On my end-of-day summary of the ‘idealized’ intraday trades (a practice or journal I encourage all day traders to keep), I noticed something interesting – the intraday SPY (and DIA) high and low of March 25th formed on momentum and NYSE TICK Divergences. I thought I’d focus this post on those TICK divergences. SPY 5-min:…