I was saying last week that for a fill of the open gap from 2711.93, I'd be disregarding the Three Day Rule target (a retest of 2553.80). The Three Day Rule target technically hasn't failed yet, but the first downside scenario is likely failing, and we are now left with the remaining two scenarios. The...
read moreMonth: April 2018
In The Inflection Point
Stan and I are doing our monthly free public webinar on the Big Five and Sectors after the close tonight and we'll be looking at AMZN, AAPL, FB, NFLX, TSLA, IBB, IYR, XLE, XLF, XLK, and XRT. If you'd like to attend, you can register for that on our April Free Webinars page. We are also,...
read moreMonth: April 2018
The Ephemeral Triangle
NQ/NDX and RUT/TF have now both reached their respective IHS necklines and broken slightly over them, so the possible Janus bear flag setups on both are set up and ready to fail into the retests of the previous lows. ES/SPX is the only laggard, but of course, there was already a strong target at the...
read moreMonth: April 2018
Janus Flags
In our Sunday Chart Chat, I was looking at an attractive scenario for this week where ES/SPX would make a higher high this week to complete a possible IHS forming, break up slightly from that, and then fail back into a minimum target at last week's low at 2553.80, also the target on the Three...
read moreMonth: April 2018
The Weekly Call – Trade Setups for the Week of April 8th
The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance is showing a more than 277% 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: April 2018
Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 8th
Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: bitcoin, litecoin, and ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades. BTCUSD — last week, as discussed, 7700...
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The Three Day Rule – Day Three
It's been a while since we last saw an example, but one of my strongest historical stats is the Three Day Rule. On this stat, there first needs to be a 2%+ decline, and then on a break back over the 5 day MA, currently at 2627, then on a clear daily closing break back...
read moreMonth: April 2018
Better Late Than Never
I prepared this post a while before the close today, but for some reason, my media computer took two hours to encode the video. Everything still relevant now so here it is. In the interim the backtest into the 2619 area is in progress and assuming that support holds, I'm expecting a higher high to...
read moreMonth: April 2018
The Weekly Call – Trade Setups for the Week of April 1st
The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance showing a more than 277% 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, I...
read moreMonth: April 2018
Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 1st
Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: bitcoin, litecoin, and ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades. BTCUSD - last week, as discussed, bul...
read more