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S&P E-Mini Trading for Thursday, June 19

 
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 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 1950.25 high with a stop just below the 1942.75 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.
 
 
1989 Hits

Dow Jones E-Mini Trading for Monday, June 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.
 
 
The June Dow Jones 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) have moved 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 Friday's 16994 high, or even earlier if price demonstrates strength above the 16896 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 16994 or the Extended High Range Projection level of 17041 would be likely areas for such a reversal to take place, as would a test and failure of Friday’s 16940 high. To learn how to trade these setups every day Click Here!
 
Disclaimer: trading involves significant risk and is not suitable for everyone.
 
 
2113 Hits

S&P E-Mini Trading for Monday, June 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 Course.
To see how some of these trade setups will typically turn out Click Here.
 
 
The June S&P contract has fired Low Historical Volatility, NR7, 2 Day ROC Buy and 90-10 High Continuation signals for today’s trading. The Low Historical Volatility and NR7 signals are a potent combination that usually precedes big fast moves. Breakouts under these conditions often last for several days. 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 Friday'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 tops often form, but both the larger and more immediate trends are to higher prices. The Low Historical Volatility/NR7 combination can be so volatile that you don't want to be caught on the wrong side. Be ready for a move either way. Trade the break of Friday's 1922.25 high to 1914.25 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 1919.25 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.
 
 
1939 Hits

S&P 500 E-Mini Trading for Tuesday, May 13

 
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 June S&P 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 marked a short term cyclical low, but are now moving into overbought territory. Odds favor continued upside in today's early trading. Buy the break of yesterday's 1902.75 high, or even earlier if price demonstrates strength above the 1887.00 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 1902.75 or the Extended High Range Projection level of 1910.50 would be likely areas for such a reversal to take place. To learn how to trade these setups every day Click Here!
 
Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.
 
1919 Hits

S&P 500 E-Mini Trading for Friday, August 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.
To see how some of these trade setups will typically turn out Click Here.
 
 
The September S&P contract has fired 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals 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. 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 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 1654.25 low, or even earlier if price demonstrates weakness below the 1664.00 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 1641.75 or the Extended Low Range Projection level of 1631.25 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 we can consider the long side even sooner if the first hour's high happens to be broken to the upside. NOTE: September Dow Jones, Nasdaq 100, and Russell 2000 e-mini contracts have all fired the same Pattern Signals as the ES. This means that they can all be traded in very similar fashion. To learn how to trade these setups every day Click Here!
 
Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.
 
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