ES/SPX just consolidating here at the moment, though if there is a break and conversion of the 50 hour MA now at 2841 that would open a test of the open breakaway gap down from 2853.53. In the absence of a breakdown, the obvious next target would be the daily middle band in the 2800...
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01st Feb 2018 Well obviously SPX didn't do the higher high that I would have preferred, and this morning's gap down broke down through rising wedge support and also gapped back through the open breakaway gap up from 2839.25. This currently leaves a decent quality island top on SPX and an open breakaway gap down from 2853.53 that...
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30th Jan 2018 I had an interesting question on my Twitter that I answered this morning, and it was in response to my tweet at the open on Friday saying that both ES and NQ had formed clear bullish triangles and that I was expecting ATH retests on both. The question was from later in the day when the ATH...
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29th Jan 2018 The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance is 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...
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28th Jan 2018 Crypto-currencies are now mainstream trading instruments so and I am providing charts here 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 find profitable trades among these instruments. BTC broke lower and penetrated...
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28th Jan 2018 We provide free webinars to support traders in developing skills in technical analysis, risk management, and trading psychology. This month, we feature four free webinars that will improve your skills as a trader. Sunday, February 4th, 2017 4:00 PM - 5:00 PM EDT Free Chart Chat - Live Technical Review of Trading Opportunities Chart...
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28th Jan 2018 I said on my Twitter this morning near the open that both ES and NQ had formed bullish triangles that should at minimum deliver full retests of the all-time highs on both in the near future. ES did a new all-time high this morning and NQ has now scraped a new ATH by a tick this afternoon....
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26th Jan 2018 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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25th Jan 2018 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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24th Jan 2018 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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23rd Jan 2018 