Indexes

Watching the SPX Rising Wedge

I posted my premarket video today as I haven't done that in a while, and in part that's because I'm not well and trying to protect my voice today, so it makes sense not to do an intraday video today. The analysis of equity indices is at the start of the video and I've left...

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Indexes

The Pig That Flew

ES made a higher high this morning, slightly overthrowing wedge resistance, which could need to be slightly redrawn, and then rejected into a test of wedge support, reversing back up there exactly. That has delivered the move I was looking for yesterday, but if we are really seeing something significant change, then there will need...

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Indexes

The Temporary Oxymoron

ES hit my preferred resistance trendline overnight and then again at the high this morning. There are now high quality rising wedges on ES, NQ, and TF and, strange as it seems to use these words in this sequence, this is the nicest short-term bear setup that I've seen in months. Looked at in detail...

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Indexes

Onwards and Upwards

I tend to look at any bear setups lately with a very skeptical eye, and the nice-looking nested double-top setups on ES and NQ that last week closed with didn't long survive the start of trading this morning. I posted on my Twitter before the open that there was a high-quality support trendline on ES...

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Commodities, Energy, precious metals

The Weekly Call – Trade Setups for the Week of January 21st

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, I...

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Crypto-Currencies

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for January 21st

Crypto-currencies are now mainstream trading instruments and so I am providing charts on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of the weekly post is to show the crowd psychology behind the price movement and to find profitable trades among these instruments. BTC broke lower and...

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Indexes

Some Writing On A Wall Somewhere

Well, it's been a while, but something interesting finally happened on equities today with an AM high that died into a halfway decent decline. Rising support for SPX from the late December low was broken and we may well now be in the topping process for a larger retracement before subsequent higher highs. This one...

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Commodities, Energy, precious metals

The Weekly Call – Trade Setups for the Week of January 14th

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 I...

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Crypto-Currencies

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for January 14th

Crypto-currencies are becoming mainstream trading instruments so and I am providing charts on a weekly basis on this blog. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of the weekly post is to show the crowd psychology behind the price movement and to find profitable trades among these instruments. The...

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Indexes

Happy vs Mambo #5

I hope everyone is looking forward to the holiday weekend. I know I am, and I am planning to celebrate on Monday by moving a particularly large wardrobe from my daughter's bedroom and replacing it with a rather nice antique desk. Life can get pretty wild at Jack's house. :-) I was talking about rising...

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