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Follow-up to October 16 Recommendation in the S&P 500 E-Mini

Tuesday's trading in the S&P 500 E- Mini developed as forecast in Monday evening's post, resulting in some very profitable opportunities.  Register to get these forecasts delivered directly to your in-box at www.PatternTrapper.com.
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2498 Hits

S&P E-Mini Trading for Tuesday, October 16

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.

 

The December S&P 500 E-Mini contract has fired Wide Range Upside Reversal, 90-10 High Continuation, and Momentum Pinball Sell signals for today's trading. The Wide Range Upside Reversal signal tells us that yesterday's action likely marked a significant intermediate term turning point with more upside to follow. The 90-10 High Continuation signal tells us that the day's late day move higher is likely to continue on into today. 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 just been marked, and the larger trend is to higher prices. Odds favor further upside in today's early trading. Buy the break of yesterday's 1436.50 high with a stop just under the 1429.50 level of today's 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.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2287 Hits

S&P E-Mini Trading for Thursday, October 11

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.

 

Yesterday's High Potential Setup in the S&P 500 E-mini contract resulted in a sharp and very profitable move to lower prices (the original post issued last night appears below). Pattern Signals fired for today's trading imply the likelihood for even further downside with a potential for reversal. The December contract has fired a 90-10 Low Continuation & Reversal signal for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked, but both are now moving into a region where short term cyclical lows often occur. Odds favor continued downside in today's early trading. Sell the break of yesterday's 1425.00 low, or even earlier if price demonstrates weakness below the 1429.75 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 support levels. Our Normal Low Range Projection level of 1420.00 or the Extended Low Range Projection level of 1415.00 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2407 Hits

S&P E-Mini Trading for Wednesday, October 10

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.

 

The December S&P 500 E-Mini contract has fired Low Range Close and Momentum Pinball Buy signals for today's trading. The Low Range Close signal fires when the close is within the bottom 20% of the day's range, and implies that yesterday's late day weakness should carry on through to this morning's trading. The Momentum Pinball Buy signal tells us that if price can demonstrate enough strength to break the first hour high, there might be enough force behind the move to trend even higher. 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 downside in today's early trading. Sell the break of yesterday's 1435.00 low with a stop just above the 1443.00 Daily Pivot. Price action relative to the Daily Pivot level may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2422 Hits

S&P E-Mini Trading for Wednesday, September 26

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.

 

The December S&P 500 E-Mini contract has fired Low Range Close and Momentum Pinball Buy signals for today's trading. The Low Range Close signal fires when the close is within the bottom 20% of the day's range, and implies that yesterday's late day weakness should carry on through to this morning's trading. The Momentum Pinball Buy signal tells us that if price can demonstrate enough strength to break the first hour high, there might be enough force behind the move to trend even higher. 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 downside in today's early trading. Sell the break of yesterday's 1435.00 low with a stop just above the 1443.00 Daily Pivot. Price action relative to the Daily Pivot level may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2374 Hits

S&P E-Mini Trading for Friday, September 7

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.

 

The September S&P 500 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) are moving into a region where short term cyclical tops often form, but both the larger and more immediate trends are to higher prices. Odds favor continued upside in today's early trading. Buy the break of yesterday's 1432.25 high, or even earlier if price can demonstrate strength above 1422.25 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 1445.50 or the Extended High Range Projection level of 1456.50 would be likely areas for such a reversal to take place, as would be a test and failure of yesterday's high.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2353 Hits

S&P E-Mini Trading for Monday, August 6

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.

 

The September 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) have moved into a region where short term cyclical tops often form, but the larger trend is to higher prices. Odds favor continued upside in today's early trading. Buy the break of Friday's 1390.50 high, or even earlier if price can demonstrate strength above 1379.75 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 1404.25 or the Extended High Range Projection level of 1416.00 would be likely areas for such a reversal to take place, as would be a test and failure of Friday's high.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2391 Hits

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