CBOT_MINI:YM1! Weekly View is Negative. Cloisng below 34,300 this week! Resistance: 34,400, 34,500, and 34,600 Support 34,300, and 33,770 Good Luck!
CBOT_MINI:YM1! trading in a tight range 34,440 and 34,580 since open. Resistances are 34580 and 34620 above which we expect CBOT_MINI:YM1! to move towards the 34740 levels. In the event, our support of 34440 breaks, we could test the 34350 support level. Watch the video for full details on the trading levels and range for today. Good Luck! Have a great...
In this update we review the recent price action in the SP500 (mini) and identify the next high probability trading opportunity and price objectives to target.
Here is a breakdown of levels I am watching after the FOMC minutes pushed major indices lower. ES/SPX gave up the trend, can turn into sell the rally event if bulls do not recover the 4745 level fast and hold (not looking like it so far,) I am leaning toward a lot of volatility. Rest of the week will be difficult and big moves up down. Downside targets now adjust...
In this update we review the price action the Emini Dow and identify some high probability trade locations to take advantage of!
A good lesson on unfinished profiles and what they mean. I would expect to see 3110 area be a big level this morning. If we are able to sustain prices above it, 3122 is back on deck. If we break below and pull back, I'd expect to see some sellers step in and try and move us down towards 3095
A clean look at an uptrending market.
Much of the same, though we are getting a pullback on what appears to be news.
Stuck in the middle of this upper balance. It's a good thing and a bad thing for the longs. It's good because we aren't rejecting this upper balance, we are still very much in the middle of the balance. The bad news here is that we can still pull back to the lower end of the balance so if you're long, you may have to sit through some heat. VPOC from...
Looks like a breakout yesterday from FOMC and we are back down at the top of value. If the market stays status quo, which is what I expect, I would expect us to tag the bottom of value from this area. Bottom of value is 3031 area. It's only 10 points away so not the most exciting trade in the world, but remember, we are in balance for the last 4 days....
Everything is looking higher. End of the month window dressing likely as funds will look to protect October gains. I'd be looking to buy 26
All time highs finally reached, which is what we expected. I didn't expect it to happen so quickly, but here we are. Very tough to find shorts in this kind of environment as there is nothing to lean on higher. Gun to the head, I'd have to be long even though the market has broken out on pretty low volume. Areas below that are significant are 3010-3005 area....
We broke out of this area, albeit on low volume, but we are accepting prices up here for the time being. I would expect any kind of pullback to come back to the 3000 area and if this breakout is for real, I think the buyers will show back up at that point. If they don't, I would look for 85 again, and possibly lower as this would be a failed breakout. The low...
Hey guys, Morning ideas weren't downloading properly yesterday so I apologize for not having a video for the morning yesterday. In class, we talked about it being a toss up on the open and it was best to take a wait and see approach, with an eye on 3010 as the breakout area. Well, we ran right to that area on the open and sat there. Glorious opportunity and...
Was wrong about the bounce on Friday... Well not completely wrong, but I didn't capitalize on the uptrend early in the day. Capped off a poor trading week for me as I was trying to will the market higher. New week, and expect it to be noisy. 2993-2960 seems to be the area of interest this week. I think the line in the sand for the bears is the high from...
Hey traders, I got shaken out of my long briefly yesterday, only to re-enter (at a worse price). The position is in the green and will continue to add to it because I want to get paid if the hypothesis is correct. Volume is good overnight and a ledge at the top, indicating we are not done going higher yet. Look forward to seeing you guys in class at 930.
Hey Traders, Markets fell a bit in the afternoon yesterday and provided a nice long entry back towards the previous prices. The market has rolled over from there. Looking for a flush out of the weak buyers before getting long again!