On Friday, around 9:15 am (Chicago time), we had a classic “Crazy Ivan” pattern. The market reverses, then reverses again – for no apparent reason. All designed to wrong foot you and, in Friday’s case, generate a rich cluster of Stops that just had to be run (above 2,729). “Crazy Ivan” comes from the movie […]
Emini Trading Blog
Bonds rallied this week after we had multiple Support levels line up, as shown in last weekend’s video. Now we’ve got the reverse showing on Equities, with multiple End of Trend signals on the Emini charts. That gives us a tight congestion zone – with Resistance at 2740 or 2750 and Support at 2710 or […]
The low, intermediate and high time frame cycles are starting to line up in the Bonds and Equities charts. And that means this week could be important – with a possible Low in Bonds and High in Equities. Watch for the Professional bars to see what they do next. Good luck with your Emini trading […]
It’s a stupid man who disagrees with Jeff Gundlach … but his current view of an upside break in Gold doesn’t jive with my charts. Yes, we’ve got a “triple” in Gold with 3 Resistance levels sitting right above the current price. And “big things happen at Triples”. But we’ve also got Professionals active at […]
A quick spin around all the macro market charts: Dollar Index, Euro, Pound, Aussie, Yen, Emerging Markets, Copper, Crude, Real Estate, Equities, etc. You can check out the Better Rotation indicator here and the 5 Step Setup here. Good luck with your trading next week.
Nothing’s a sure thing, but … fading the Amateurs comes close. Now don’t get your feathers in a bunch. Maybe you don’t like hearing me say “the Amateurs are often wrong”. But are you here to trade and make money or be polite? So watch for low average trade size at breakouts or breakdowns. Then […]
The US Dollar sold off against all the major and minor currencies on Friday. We’re coming really close to the psychologically important 90.0 level on the US Dollar Index. A break of this would potentially bring in the large Exhaustion selling volume I’ve been looking for. Friday’s activity gave us classic “Jumping the Creek” patterns […]
The Emini refused to break down twice in early trade today. The first time, at 9:03 am (Chicago time), we got a RAMBO Pattern. The second time, at 9:51 am, the Professionals stepped in and held it. On our way back up we generated a nice Gathering Pattern with 4 blue Professional bars on the […]
Yesterday (Friday 5 January 2018), my Windows 10 system automatically downloaded and installed a patch to “fix” the recently discovered ‘Meltdown’ vulnerability. But as soon as Windows re-started, my TradeStation stopped working! TradeStation had put around an email warning this might happen on Thursday, so this wasn’t unexpected. What I hadn’t appreciated was that Windows […]
US Bonds have been trapped in a congestion zone since June 2017. The high and low of the congestion zone were formed during the crazy 48 hours during and after Trump’s election. We’re about to have triple Resistance levels print and if they hold, the downtrend will continue. Let’s see. Good luck with your trading.