Bears really haven't made a significant impression on equity indices this year and, statistically, there's not much reason to think that might change in the last month of the year. One key trendline that I have been watching is the very decent looking rising wedge resistance from the 2016 low and that has broken up...
read moreMonth: November 2017
Introducing the Options for Income Trading Service
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The Weekly Call – Trade Setups for the Week of November 26th
The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance showing a more than 200% return since October 2016. The purpose of this blog is to demonstrate how to swing trade futures using our methodology to select high quality setups and manage the trade with our risk management approach. This week...
read moreMonth: November 2017
December Free Webinars
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read moreMonth: November 2017
Thanksgiving Week
For some reason, Thanksgiving never made it as a national holiday in the UK, possibly because England was feeling a little sour after only winning a nonetheless hard-won second place in The War Of Independence, but I certainly always enjoy it, and various branches of my family have had a long and storied history with...
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The Falling Megaphone on RUT
A very key pattern that I've been watching here for direction is the likely falling megaphone on RUT.This has been a slow developer and has now been forming for an impressive seven weeks. Assuming that this is indeed a falling megaphone then the next target within the megaphone is megaphone resistance, now in the 1511...
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The Weekly Call – Trade Setups for the Week of November 18th
The Weekly Call provides perspective on high quality setups and trading strategies. Our performance is currently showing over a 200% return since October 2016. The purpose of this blog is to demonstrate how to swing trade futures using our methodology to select high quality setups and manage the trade with our risk management approach. This...
read moreMonth: November 2017
Janus Flags
The Janus flag setup I was looking at on Wednesday delivered yesterday and I'll talk a little more about these today as they are relatively common and worth remembering. In this case on SPX what appears to be a high quality H&S has formed and broken down towards a target in the 2635 area. In...
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Waiting For A Break
The daily RSI 14 sell signal that I was looking at yesterday fixed at the close, and there are now fixed daily RSI 5 and RSI 14 sell signals on both SPX and ES, though the SPX RSI 5 sell signal may well reach target at the close today. SPX daily chart: At the open...
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A Lot Of Sell Signals
There are a lot of open sell signals on the SPX & ES charts here. On SPX there is still a strong RSI 5 / NYMO sell signal that could reach target today on a weak close. If we see that weak close the possible RSI 14 sell signal brewing here would likely fix. SPX...
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