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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.
 
 
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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.
 
 
2676 Hits

S&P E-Mini Trading for Thursday, September 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.
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 and 90-10 High Continuation signals for today’s trading. The 2 Day ROC Buy signal suggests 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. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, and both the larger and more immediate trends are to higher prices. Odds favor further upside in today's early trading. Buy the break of yesterday's 1988.25 high with a stop just below the 1983.00 level of the Daily Pivot. Price strength above the DP may provide clues for earlier entry. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
2449 Hits

S&P E-Mini Trading for Monday, August 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 September S&P E-Mini contract has fired NR7, Inside Day, and Momentum Pinball Buy signals for today’s trading. The NR7 signal is triggered when the range of the day's trading is the narrowest of the last seven days. It tells us that we're likely to have a breakout in store either today, or over the next few days. The Inside Day signal tells us that a break of Friday's range will likely point the way of the next trend move. 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) are moving into a region where short term cyclical tops often form, but both the longer and more immediate trends are to higher prices. The NR7/Inside Day signal combination tells us to stand prepared for a strong impulse move in either direction. Trade the break of Friday's 1991.50 high to 1981.50 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 1987.00 Daily Pivot level may provide clues for earlier entry. Note that the September Dow Jones Mini contract has fired the same Pattern Signals. This means that it 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.
 
 
2267 Hits

S&P E-Mini Trading for Thursday, July 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.
To see how some of these trade setups will typically turn out Click Here.
 
 
The September S&P E-Mini contract has fired NR4, Inside Day, 2 Day ROC Buy, and 90-10 High Continuation signals for today’s trading. The NR4 signal tells us to expect range expansion and a pickup in volatility. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation signal tells us that yesterday's late day move higher is likely to continue on into today. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked, but both the larger and more immediate trends are to higher prices. Although both the 2 Day ROC Buy and 90-10 High Continuation signals are suggesting further upside, the NR4/Inside Day signal combination tells us to be prepared for a large impulse move in either direction. Trade the break of yesterday's 1968.25 high to 1958.25 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 1964.50 Daily Pivot level may provide clues for earlier entry. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
2206 Hits

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