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.
