The Pattern Trapper Market Update Blog

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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.

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, 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 tops often form, but both the larger and more immediate trends are to higher prices. Odds favor further upside in today's early trading. Look for an opportunity to buy the break of yesterday's 1633.50 high with a stop just under the 1618.75 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. NOTE: September Dow Jones, Nasdaq 100, and Russell 2000 e-mini contracts have all fired very similar Pattern Signals. 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.

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 August Lean Hogs contract has fired 2 Day ROC Buy and 90-10 High Continuation & Reversal 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 yesterday's strong close, but to expect a likely reversal once the initial move has topped. 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. Look for an opportunity to buy the break of yesterday's 93.950 high, or even earlier if price demonstrates strength above the 93.550 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 94.475 or the Extended High Range Projection level of 94.925 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.

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 T-Bond contract has fired 90-10 High Continuation and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation signal is fired when the day's trading 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 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 recently been marked. Odds favor further upside in early morning trade. Look for an opportunity to buy the break of yesterday's 145-18 high with a stop just below the 144-31 level of the Daily Pivot. Price strength above the Daily Pivot 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!

 

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.

To see how some of these trade setups will typically turn out Click Here.

 

The June Live Cattle 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 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) have moved into a region where short term cyclical tops often form, but the more immediate trend is to higher prices. Odds favor further downside in early morning trade. Look for an opportunity to sell the break of yesterday's 121.800 low with a stop just above the 122.300 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 if the day's first hour high happens to be taken out. 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.

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 Canadian Dollar contract has fired 90-10 High Continuation & Reversal and Momentum Pinball Sell signals for today's trading. 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) are moving 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. Look for an opportunity to buy the break of yesterday's .9883 high, or even earlier if price can demonstrate strength above .9862 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 .9913 or the Extended High Range Projection level of .9938 would be likely areas for such a reversal to take place, as would be a test and failure of yesterday's high. The Momentum Pinball Sell signal 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!

 

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.

To see how some of these trade setups will typically turn out Click Here.

 

The June T-Bond 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 Friday's 148-29 high, or even earlier if price can demonstrate strength above 148-17 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 149-13 or the Extended High Range Projection level of 149-26 be likely areas for such a reversal to take place, as would be a test and failure of Friday's high. 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.

Apr 24

Soybean Meal Trading for Thursday, April 25

Posted by: Bob Hunt |
Tagged in: Untagged 

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 May Soybean Meal 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, and 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 405.0 low with a stop just above the 408.5 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.

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 Swiss Franc 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 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) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor further downside in early morning trade. Look for an opportunity to sell the break of yesterday's 1.0580 low with a stop just above the 1.0632 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 if the day's 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.

To see how some of these trade setups will typically turn out Click Here.

 

The June Japanese Yen contract has fired 90-10 Low Continuation & Reversal, High Breakout Continuation Setup, 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 High Breakout Continuation Setup signal implies significant upside IF Friday's 1.0197 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) appear as if a short term cyclical top has recently been marked, and both the larger and more immediate trends are to lower prices. Odds favor continued downside in today's early trading. Look for an opportunity to sell on a break of Friday's 1.0034 low, or even earlier if price demonstrates weakness below the 1.0093 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 .9967 or the Extended Low Range Projection level of .9905 would be likely areas for such a reversal to take place, as would a test and failure of Friday's 1.0034 low. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.

 

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

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