Hi Everybody, here is a quick update on the recent MTPredictor TS4 buy set-up in the Dow, As you can see this has just reached its Profit target........
Looking at where the weekly low was when MACD crossed negative and seeing how many points later the YM finally hit bottom, we get some consistency, and an average of -588 points left before the bottom is reached. It's like a submarine that suddenly fills it's ballast tanks, weighing it down (MACD crossing neg) and trying to figure how deep it will sink.......
Price is looking for support and will likely find it at the 200MA or one of the pivots S1 - S3. Look for heavy volume to signal possible selling climax.
Volume dried up as the YM approached 18000 and the rally did not move the MACD from it's negative stance although the MACD turned in toward the signal line I think it could roll over (down).
I am watching the MACD to cross positive and to enter as close to a Support area as possible.
If buying is exhausted for now and profit takers and shorts push the price down this trade could pick up 20-30 points profit overnight.
I think the market may rebound if the weekend proves uneventful news-wise. This type of trade requires me to risk $200 to make $200 or more.
Market Geometry like this normally results in some kind of significant move - especially when you factor in price... and the other stock indexes, S&P500, The Russell, NYSE - all have this. I don't need to have an opinion - all i need to do is to use a system that can leverage this condition. I would be looking to line up at a session open... with the event of...
A few days ago, we had a MTPredictor TS3 buy setup on the Daily YM chart. With protective stops now at break-even, this is now a "free trade". So we can sit and see if this trade pans out as anticipated.......
U-turn by the classical Nine. after breaking through the 23.6% Fibo 61.8% - the main goal. 15420,00 sell stop
Go long on the YM above the .618 and 2/1 tp1 at 15454, go long again on the breakout of the 8/1 above 15454
YMZ3 seeks to break through the MA 89 and 50 fibo level, 61.8 Fibo - next target. 15250.00
at critical support need Shutdown/Ceiling resolution to head higher
debt default since 17 october?
good target for miniDow in October. After updating the maximum we will stay in the trend during the accumulation phase, the active phase on the H4 is in full swing