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The March Sugar contract has fired 2 Day ROC Sell, 90-10 Low Continuation, High Breakout Continuation Setup, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation signal tells us that yesterday's late day move lower is likely to continue on into today. The High Breakout Continuation Setup signal implies significant upside IF yesterday's high happens to be taken out. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but both the larger and more immediate trends are to lower prices. Odds favor continued downside in today's early trading. Sell the break of yesterday's 18.08 low with a stop just above the 18.23 level of the Daily Pivot. Price weakness below the DP 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. The High Breakout Continuation Setup suggests that we've likely marked a multi-day swing pivot low if yesterday's 18.50 high happens to be taken out to the upside.

 

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Thursday's trading in Feeder Cattle developed as forecast in Wednesday evening's post, resulting in some very profitable opportunities.  Register to get these forecasts delivered directly to your in-box at www.PatternTrapper.com.
To best use these free reports be sure to check out the On-Line Course.

 

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

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 March Feeder Cattle contract has fired 2 Day ROC Sell, 90-10 Low Continuation & Reversal, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. 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. 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) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor continued downside in today's early trading. Look for an opportunity to sell the break of yesterday's 148.100 low or even earlier if price demonstrates weakness below the 149.025 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 146.900 or the Extended Low Range Projection level of 145.900 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low. The Momentum Pinball Buy signal tells us to assume an upside bias if the first hour high happens to be taken out.

 

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

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 February Gold contract has fired 2 Day ROC Buy, 90-10 High Continuation & Reversal, and Low Breakout Continuation Setup 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 Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form, but the more immediate trend is to higher prices. Odds favor continued upside in today's early trading. Buy the break of yesterday's 1684.9 high, or even earlier if price can demonstrate strength above 1678.3 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 1693.3 or the Extended High Range Projection level of 1700.4 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.

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 March Swiss Franc contract has fired 2 Day ROC Sell, 90-10 Low Continuation, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation signal 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. Odds favor further downside in today's early trading. Look for an opportunity to sell the break of yesterday's 1.0843 low with a stop just above the 1.0891 level of the Daily Pivot. Price weakness below the DP 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.

Friday's trading in the British Pound developed as forecast in Thursday evening's post, resulting in some very profitable opportunities.  Register to get these forecasts delivered directly to your in-box at www.PatternTrapper.com.
To best use these free reports be sure to check out the On-Line Course.

 

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

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 March British Pound 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 just been marked, and both the larger and more immediate trends are to higher prices. Odds favor continued upside in today's early trading. Look for an opportunity to buy the break of yesterday's 1.6164 high, or even earlier if price can demonstrate strength above 1.6104 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 1.6231 or the Extended High Range Projection level of 1.6294 would be likely areas for such a reversal to take place, as would be a test and failure of yesterday's high. Several other currency futures contract have fired comparable signals and can be traded in very similar fashion.

 

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