Technical Analysis for the Serious Market Technican!
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Friday, May 20, 2011
ES Update 05202011
ES updated chart attached. Last post for me.. done trading for the day and week!
Have a good one!
--Tony
Have a good one!
--Tony
Crude Oil Update #2 05202011
Updated chart attached. For those short trading small time frames watch for a minor reaction at this time..
Congrats to those who are profiting from this move...
GOLD and SILVER Futures 05202011
Have a great weekend!
--Tony
Crude Oil 05202011
Here is the pull-back to the trend line I mentioned in the report last night..
--Tony
Thursday, May 19, 2011
ES update
Mark
ES Update!
Here are the presently active Fibs on the ES's. We're also in 5th wave territory so booking profits on longs are protecting them with an incremented stop loss is good practice. I'd expect some type of retracement at this point then another drive upward. God speed to all!Mark
Wednesday, May 18, 2011
ES Futures Update
Having exchange issues today so I'm quiting early. The ICE exchange has lost depth of market on TOS with the /tf's and /dx's so I'm done. Here is the presently active Fibonacci projections on the ES's. With the upcoming Fed minutes coming in an hour and a half I'm hands out! Don't like trading certain announcements and this is one of them. To reactionary for me. I'd rather wait for the dust to settle! :)Mark
Silver Futures 05182011
--Tony
Tuesday, May 17, 2011
ES Update
The Es's have just bottomed perfectly on the 81% projection. The overall look is that of a c wave ending diagonal. Lets let the market decide on the open. From there these are the presently active Fibs. If this is a bottom, Big If, I'd wait for secondary higher low to buy into and initially trail a stop to lock in profits just in case the expanded flat rears its ugly head. Mark
Eur/Usd
The Euro has landed right in the tight range that we had been targetting. Yet the Euro has failed to lift strongly so keep an eye on the unfolding structure. It could be consolidating for another drive downward. Only a secondary higher low would have us buying this and then again initially it would have to have a tight stop.
Monday, May 16, 2011
ES Alternate
We have alerted to the fact that an expanded flat pattern is a viable alternative. Quote from Sunday evenings report, "... since 2/18 we've moved down in a 3 wave sequence, since 3/16 we've moved up in a 3 wave sequence based on overlapping structure. This leads us to thinking that the expanded flat is a viable alternative and we've now down wave 1 down and wave 2 up and we are on the cusp of a fast moving wave 3 down to kickoff the harsh downdraft that typically occurs in an expanded flat". Here is an alternate Fibonacci projection to watch for. Keep in mind that overall volume has been light which is more synonomous with a correction at this point.
ES Update
These are the active Fibs I'm looking at on the ES's at the moment. This bottom should hold and a pull back will offer a nice low risk entry with a stop below the low.
Russell 2K
Initial reversal held and its time to book some profits. Could go a little higher today. My max target for the day is 840.80. But better to be less aggresive and bookem Dan'l! :)Mark
Russell 2k Possible Long Entry
Russell 2K has made a nice secondary higher low. When picking at small timeframes its very important to place immediate stops. Mark
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