This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.
Not an easy market to read right now in my opinion. It is showing signs like it would like to visit some lower levels, yet there is enough buying interest to keep it above 1127. This Friday monthly unemployment levels will be watched closely. If...
I wish all of you a great trading month in October. If the first trading of October is an indication for the rest of the month, than October should be an interesting month…. Currently there is a case for both the bulls and the bears....
I wish all of you a great futures trading month in October. The saying for day-traders in October should be: NO TRADE IS BETTER THAN A BAD TRADE For your review, monthly chart of the Dow Jones Cash Index below.
I wanted to share some of today’s activity we had in the daily webinar service I hold. The “webinar” is a service I offer, where I share mostly the mini SP chart but also other markets like Euro currency, Crude Oil and Mini Russell. In...
Our short “trigger” of 1123 basis Dec. SP500 did not materialize and kept us out of a short swing position, so far for a good reason. I will keep watching for what I call price confirmation over the next couple of days. On a different...
Daily chart of Mini SP below. As I mentioned last week, I got a couple of potential “sell signals” and the market only gave us a small decline if that. What is being referred to as “divergence”. Well…I got one more potential for market retracement....
I got two “false” sell signals before this last one….I think the fact that we went through the first FIB level gives this short swing trade higher chances of being correct with initial target of 617.10. Since NONE of us have a crystal ball, one...
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.