Update Cash Close: Another professional gap with closing at the highs for ES. What is more impressive is gaping above and holding above big trendline on the daily chart. Wow what a week! Update 3:52pm EST: more new highs, shorts cant feel too comfortable holding into the weekend after another week of false hope and…
Author: Vlad
April 9th Daily Market Summary
Hey Traders, another interesting week in the markets. ES had some low volume consolidation this week before gapping over a key resistance level and holding the professional gap.esdaily2Next significant support on ES is expected at 870-872 Fib Cluster. Here is ES chart of the week: 2500tick heikin-ashi trend rotation charts that almost without failure worked…
April 5 – 9 Weekly Market Analysis
Good Evening Traders, This has been a shortened week, but some significant technical damage has been and also some key levels are not too far from here. Firstly let’s take a look at the daily chart: Very impressive move on Thursday with ES gaping above key resistance line on the daily chart, holding and closing…
April 10th – Good Friday – Market Holiday
Hey Traders! Markets are Closed Today! Have a great long weekend without staring at colored lines jump up and down on your screen. Happy Holidays Vlad
Gold Outlook
Hey Traders, Gold has certainly taken quiet a hit lately and has broken some significant support levels, with likely test of another key area after this consolidation with possible slight pullback. There are some factors which negate technicals big time, for instance check out recent Reuters Article Anyhow, here is a look at charts:golddaily1On the…
Weekend Reading for the Addicts
Hey Trading Addicts (Guilty), since you cant stay away from chart and markets this weekend, here is some itneresting reading to do. Goldman Sachs Mulls Multibillion Dollar Share SaleApril 10 (Bloomberg) — Goldman Sachs Group Inc. is considering a multibillion dollar share sale to help repay a $10 billion government loan, the Wall Street Journal…
Market Sentiment Update
Hey Traders, Here is a quick update of bullish sentiment and NYSE stocks above 200ma. Both of those indicators are at the very least at 3 years highs: While I will continue to focus on technical levels described in previous updates, I would rather miss the next move up, whatever it might be than chase…
On The Warning Track of Bullish Lunacy
Hey Traders, while all the technicals were addressed in Daily Market Summary, it is also worth looking at the market sentiment via good old friend BPNYA – NYSE bullish percent Index. Orange – warning track of overly bullish sentimentRed – “bullish lunacy” level, rarely seen bullish sentiment frequently resulting in market reversals. While May /…
FREE Fibonacci Time and Price Analysis Live Webinar by Carolyn Broden
Carolyn Boroden: Fibonacci Time and Price Analysis Date: Thursday, April 9thTime: 3:30pm Central Time (4:30pm ET)Speaker: Carolyn Boroden, FibonacciQueen.com Learn how to use Fibonacci Time and Price Analysis to identify high probability trade setups with defined risk and profit targets. Fibonacci based market geometry and symmetry can provide you with the edge you need to…
Training Yourself To Take Small Losses Quickly
Great Read for all traders, dealing with aspect responsible for 95% of trading – Psychology. Read full article for tips on how to deal with this problem: Phil Pearlman – Training Yourself To Take Small Losses Quickly. Enjoy