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The March Feeder Cattle contract has fired 2 Day ROC Buy, Wide Range Upside Reversal, 90-10 High Continuation, 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 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 yesterday'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) 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 further upside in today's early trading. Look for an opportunity to buy the break of yesterday's 143.050 high with a stop just under the 141.625 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.
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The March British Pound 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) are mixed, but both the larger and more immediate trends are to lower prices. Odds favor further downside in today's early trading. Look for an opportunity to sell the break of yesterday's 1.5649 low with a stop just above the 1.5705 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.
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Thursday's trading in the Australian Dollar 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.
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Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
For maximum benefit be sure to check out the On-Line Course.
The March Australian Dollar has fired 2 Day ROC Sell, Low Range Close, 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 Low Range Close signal tells us that yesterday's late day weakness should carry on through to this morning's trading. 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) are mixed, but the more immediate trend is to lower prices. Odds favor further downside in today's early trading. Look for an opportunity to sell the break of yesterday's 1.0265 low with a stop just above the 1.0306 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.
Tuesday's trading in the Nasdaq 100 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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Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
For maximum benefit be sure to check out the On-Line Course.
The March Nasdaq 100 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) are mixed, but the larger trend is to higher prices. Odds favor continued downside in today's early trading. Look for an opportunity to sell the break of yesterday's 2709.00 low or even earlier if price demonstrates weakness below the 2726.50 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 2686.50 or the Extended Low Range Projection level of 2667.25 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 to assume an upside bias if the first hour high happens to be taken out.
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The March British Pound contract has fired 2 Day ROC Sell, Wide Range Downside Reversal, Low Range Close, 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 Wide Range Downside Reversal signal tells us that Friday's trading likely marked a significant short term turning point with more downside to follow. The Low Range Close signal tells us that the late day weakness should carry on through to this morning's trading. 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 just been marked, and the larger trend is to lower prices. Odds favor continued downside in today's early trading. Sell the break of Friday's 1.5685 low with a stop just above the 1.5757 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
