Short video today. Basically I attempted several times to go Long in the market, and was profit stopped out every time for about $100. I went Long yet again this morning at 3935, for the same reasons I went Long yesterday, we are basically maxed out to the downside and in violation of several trends that will demand we fix ourselves (the 3hr/4hr/6hr/12hr). The...
When the Indices are working together we get clean moves. When there is divergence in the technicals between the E-mIni S&P 500 and the E-mini Nasdaq 100 we get a very choppy environment and it usually frustrates a lot of traders. March is setting up for a bumpy ride as there is no clear path for the Indexes right now. In this video I explain why the S&P and...
So I was searching for a Long position, and after the close yesterday I went Long on both ES Futures, as well as 6E Futures. I woke up this morning to both coming in very well. I cashed in at just below $2500. While it looks like I may have jumped ship a bit early on the Euro, I seem to have gotten out at a good point on the S&P as we've given some of the gains...
Don't worry, much shorter video today since I went through my long winded explanation of the overall market picture yesterday. So I had said I would short at a 1hr uptrend yesterday. I went short at 4013 for a $1000 goal at 3993. I did have to hold through the bounce up which began to signal a 2hr uptrend, and I cashed out early at 3994 when we came back down,...
Greetings! Had a great time skiing up in Vermont, was nice to take a brief pause away from the market and enjoy the whole reason I trade for a living (more free time and flexibility). I'm back, and be prepared for a bit of a longer video as I catch things up. Trends; In terms of trends, we ran down along the 30m and 1hr trends to get here. While the 2hr was in a...
In this update we review the recent price action in the emini SP500 futures contract and identify some action areas and price objectives for the trading week ahead
So full disclosure, I cashed out my short from 4162 this morning at 4152. That was a $5,500 profit. I would have likely held the short for continued movement towards my goal of 3913 +\- 20, but I am heading to Vermont this week to ski, because Winter forgot to show up in most of the East Coast this year and I want to get some time on the slopes with my rentals I...
So I still think we are going to head lower, though I expect a potential technical bounce here. I have some concerns that the 3hr/4hr/6hr are all higher lows, but at least at the moment we've broken below them so they aren't potential support lines going down. My next main target is the 12hr downtrend and how we react to that. Additionally, we have broken down...
In this update we review the recent price action in the Emini SP500 futures contract and identify some action areas and price objectives to target for the trading week ahead
Price action analysis on S&P500 index. Key levels. Candlestick analysis. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
So I got into a short on the first peak, made profit on the dip and was stopped out on the reverse momentum. I didn't jump in right away on the next surge, but did grab another short overnight as I still believe we head down shortly. I do not trust this rally until I see a genuine lower leg that holds and we rally off of. Every potential dip was just bought up en...
Price action analysis on US30 Index. Key levels & the things to watch. Your detailed trading plan. ❤️Please, support my work with like, thank you!❤️
IN the video I talk about the 18 monthly MA on both ES and AAPL and how important they are for bears to hold (or bulls to overcome). OIL is at a critical weekly level regarding it's long term trendline, Nat Gas is showing signs of life but may go back into a coma, AAPL stopped at a critical level Friday Bias is still up, but if we keep selling, the 18 daily MA at...
In this update we review the recent price action in the emini SP500 futures contract and identify the next high probability trading opportunity and price objectives to target
So, I'm short again at 4140, which is already looking as a potentially flawed trade, but we will see. With the 4hr closing at 4142, it certainly appears that trends are basically maxed to the upside. I was looking and I do think it is possible that the Weekly timeframe could get an uptrend close to here, so I might hold through past that and see what...
In this update we review the recent price action in the emini SP500 futures contract and identify the next high probability trading opportunity and price objectives to target
For traders it's not about what the Fed does or is going to do, it's about how the market reacts to what the Fed does. Today the FOMC raised rates by .25 basis points and the markets took off. As of right now the bulls are in control, but for how much longer? In today's video I go over how I will determine a market top and ways to tell if this rally still has...
So I had said I believed we would have some upward movement yesterday, although it did go a about 40 points higher than I expected. However, with that level of upward movement, we are nearly maxed to the uptrends again, with just the 4hr waiting to hit, unless we are close to getting that Weekly back out of the downtrend pattern it recently went into. It does...