Tag Archives: Technical Trading
Gold
In this weeks episode of the mid-week shuffle, Gold is worth keeping your eye on. The 200 day mvg. avg. comes in between 1615-18 depending on day or all session continuation charts. Rather than picking a number, use the general … Continue reading
EURO…SPU
130.60 Euro is the 2/3rds fib coming back for the past 2 years..( big level) Only a couple of closes below here will give lower tgt’s. Point & Figure Chart shows new price action under 1228.50 March S&P 500 Futures … Continue reading
AUD/JPY….Spu’s
78.00 is an important level. Closing below this area is negative Equities. Price action below 78 AUD/JPY shows 77.30 ish as the next significant area. SPU’s…The technical levels have not changed! At this point I would look for a test … Continue reading
Technical and Gap Trading 101
SPU…(H) 1221.50 is the top of the recent pit gap…Levels like these are generally, high percentage directional traps the first time in. You saw the big rebound off the area last night to re-test the reversal close of 1244. Then … Continue reading
A.M. Look 12/8/11
Today will be an event driven trade with the BOE & the ECB rate decisions, notwithstanding all the expected rumors that will be coming out all day. Pick your spots and take your money, I’m sure you’ll get a couple of … Continue reading
A.M. Look 12/7/11
I have nothing new to add to comments over the past several days. Markets get far more interesting to me the end of next week into the beginning of the 19th. Until then try not to get run over with … Continue reading
Nasd 100 Pit
The level there is 2316. Price action under 2288 is needs to force the longs to Puke!
SPU…Pit…Price Action
Classic charting, an opening above yesterday’s pit high 1251, would show a 3rd gap up. Often times, this can be a harbinger of directional exhaustion. So 1251 becomes a key driver the rest of the day. You’ve already had an … Continue reading
A.M. Look 11/30/11
The majority of you told me you were not playing in the equity indices or the SDS. Our position update was put out for consistency more than a desire to do anything. ETF traders have to be in or out, … Continue reading