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The Pattern Trapper Blog

High Probability Trading for Futures, Forex, Stocks, and ETFs.

S&P E-Mini Trading for Thursday, January 29

 
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course
To see how some of these trade setups will typically turn out Click Here.
 
 
The March S&P E-Mini contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked, and the more immediate trend is to lower prices. Odds favor continued downside in today's early trading. Sell the break of yesterday's 1991.25 low with a stop just above the 2009.75 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
4046 Hits

S&P E-Mini Trading for Friday, January 23

 
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course
To see how some of these trade setups will typically turn out Click Here.
 
 
The March S&P E-Mini contract has fired 2 Day ROC Buy, 90-10 High Continuation, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation signal is fired when the day closes within the top 10% of the day's range. It tells us that yesterday's late day move higher is likely to continue on into today. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Odds favor continued upside in today's early trading. Buy the break of yesterday's 2059.25 high with a stop just below the 2045.00 level of the Daily Pivot. Price strength above the DP may provide clues for earlier entry. The Momentum Pinball Sell signal, on the other hand, suggests we consider the short side if the first hour's low happens to be broken to the downside. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
4005 Hits

S&P E-Mini Trading for Tuesday, January 20

 
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course
To see how some of these trade setups will typically turn out Click Here.
 
 
The March S&P E-Mini contract has fired 2 Day ROC Buy, 90-10 High Continuation & Reversal, and Momentum Pinball Sell signals for today's trading. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has recently been marked, but the more immediate trend has been largely sideways. Odds favor continued upside in today's early trading. Buy the break of Friday's 2014.25 high, or even earlier if price can demonstrate strength above 1999.25 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 2035.00 or the Extended High Range Projection level of 2051.75 would be likely areas for such a reversal to take place, as would be a test and failure of Friday's high. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
4386 Hits

S&P E-Mini Trading for Friday, January 9

 
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course
To see how some of these trade setups will typically turn out Click Here.
 
 
Yesterday's High Potential Setup in the S&P resulted in a sharp and very profitable move to higher prices. Pattern Signals fired for today's trading imply even further upside to follow. The March S&P E-Mini contract has fired 90-10 High Continuation & Reversal and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal tells us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has recently been marked, and the more immediate trend is to higher prices. Odds favor continued upside in today's early trading. Buy the break of yesterday's 2058.50 high, or even earlier if price demonstrates strength above the 2044.50 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 2074.25 or the Extended High Range Projection level of 2088.75 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's high. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
4169 Hits

S&P E-Mini Trading for Thursday, January 8

 
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course
To see how some of these trade setups will typically turn out Click Here.
 
 
The March S&P E-Mini contract has fired NR4, 2 Day ROC Buy, and Momentum Pinball Sell signals for today's trading. The NR4 signal tells us to expect range expansion and a pickup in volatility. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The Momentum Pinball Sell signal suggests that we'd want to consider shorts if price is strong enough to break the first hour low. Cycle Indicators (chart at right) appear as if a short term cyclical low has recently been marked, but the more immediate trend is to lower prices. The NR4 signal tells us to stand ready for a strong impulse move in either direction. Trade the break of yesterday's 2023.75 high to 1995.75 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 2013.00 Daily Pivot level may provide clues for earlier entry. The Momentum Pinball Sell signal suggests that we favor the short side if the first hour's low happens to be broken to the downside. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
3871 Hits

S&P E-Mini Trading for Friday, January 2

 
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Cours
To see how some of these trade setups will typically turn out Click Here.
 
 
The March S&P E-Mini contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that Wednesday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked. Odds favor further downside in early morning trade. Sell the break of Wednesday's 2050.75 low with a stop just above the 2062.00 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, however, tells us to change our bias to the upside on a break of the first hour high. Note that all US index futures contracts have fired similar Pattern Signals. This means that they can be traded in very similar fashion. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
3789 Hits

S&P E-Mini Trading for Thursday, September 25

 
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
To see how some of these trade setups will typically turn out Click Here.
 
 
The December S&P E-Mini contract has fired 2 Day ROC Buy, 90-10 High Continuation & Reversal, and Momentum Pinball Sell signals for today’s trading. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation & Reversal signal tells us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form and the larger trend is to higher prices. Odds favor continued upside in today's early trading. Buy the break of yesterday's 1992.50 high, or even earlier if price demonstrates strength above the 1984.25 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 2002.50 or the Extended High Range Projection level of 2011.25 would be likely areas for such a reversal to take place. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
4041 Hits

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