Indexes

Updated SPX Roadmap

I was saying in our free monthly Chart Chat on Sunday that the obvious next downside target on SPX was main channel support, and a test of that trendline that would mean that the channel had likely evolved into a rising wedge, which is something that happens regularly. If you'd like to see the recording...

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Commodities, Energy, precious metals

The Weekly Call – Trade Setups for the Week of October 7th

The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance shows a 325% 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 is the two year...

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Crypto-Currencies

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 7th

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 — No change in forecast,  still...

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Indexes

Potholes On The Yellow Brick Road

On Thursday morning my SPX path that has held the last four weeks hit a serious pothole with the break below shorter term rising wedge support and a break back into the high 2800s. I've been looking carefully at the options from here and there are clear bull and bear scenarios. Price needs to give...

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Indexes

Clean Clean

In my last post I was talking about the touch of the rising wedge support trendline that I'd been looking for, and the bull flag that was forming on SPX, that should break up today if not seen on Friday. SPX gapped up through flag resistance at the open today, and the minimum flag target...

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bonds, Commodities, Energy, precious metals

The Weekly Call – Trade Setups for the Week of Sept 30th

The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance shows a 301% 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. Last week I was stopped...

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Crypto-Currencies

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for September 30th

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 — No change in forecast. Not...

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Indexes

FOMC Day

So far the scenario I was laying out on Friday has been playing out perfectly with the two red days at the start of this week, and SPX backtesting obvious trend support at the 50 hour MA twice. SPX didn't quite retest Monday's low yesterday, so the double bottom setup here isn't perfect but SPX...

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Commodities, Energy, precious metals

The Weekly Call – Trade Setups for the Week of Sept 23rd

The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance shows a 301% 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. Last week entered Bonds, Oil,...

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Crypto-Currencies

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for September 23rd

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 — I am still expecting BTC...

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