A basic Swing Trade Alert from the LOGICAL SWING TRADER™ We started the week on a Bullish note last Sunday evening but in our discussion group, we covered some technicals that lead us to believe we would see substantially lower prices by the close on Fri. We're not psychic or clairvoyant, we really don't know what will happen next... but we do have a firm grasp on...
Throw the technical levels out, this willi be a battle of the titans. With all the weakness, the bounces will be big, but likely unsustainable.
I think (and what I think doesn't matter) that we will try lower again before we're done. I'd be looking to short bounces.
ES finished the recent week bar completely reversing the entire range of the previous red candle.
It looks very bullish with a possible fib targ at 3136.
I am not looking to fade this strength, tests of 2967-ish should be great buying opportunities.
Overall looking to buy pullbacks of breakouts intraday.
Overnight trading in the ES S+P 500 Futures this morning,
claimed very bullish buyers in a pivotal false upside breakout,
thru and into historic all time highs, that proved to be the fatal short term endgame.
When buyer's move price into uncharted skies
there is always a risk of an immediate reversal of fortune,
if there is suddenly no one left out there to...
Morning ideas weren't downloading properly yesterday so I apologize for not having a video for the morning yesterday.
In class, we talked about it being a toss up on the open and it was best to take a wait and see approach, with an eye on 3010 as the breakout area.
Well, we ran right to that area on the open and sat there. Glorious opportunity and...