Technical Trades
Technical Analysis applied to Stocks and Futures.

Shows double C failure this morning and potential to test the next C down at 11392.

Bearish.

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Here’s what I’m seeing as possible this morning. Triangle targets 12100 on the Dow. A parallel channel line targets even higher. Just a matter of how long it keeps the impulsive count going, and how impulsive it’s going to get.

Check out my page of updating charts for QM oil futures and YM Dow futures (60min/15min/5min/1min). You’ll need to hit F5 on your keyboard to refresh the page. http://tinyurl.com/feokz

Further to THIS POST 20 trading days ago, OLN has made a nice 5th completion for +8% from the call, and is in an ‘a’ up now.
Daily volume suggestive of potential reversal.
I’d want to see the ‘C’ resistance fail of course.
Wisdom calls for stop to even on that entry […]

Looks like it’s time to be thinking long side on this beaten stock that suffered an almost 65% drop from the highs this year. The daily shows an impulsive 1,2 move. I’ll be taking this one long this week, looking for early weakness to 6.15.
CLICK HERE for other charts for CERS. Potential […]

All are welcome in my Cbox futures chat.
Link is http://technicaltrades.net/Futures
Thanks to Vector, my market bias trading system, and it’s 11.20 am eastern scalp long signal, I am riding long YM Dow mini futures from 11436 and about +40 points thus far after a max move of +54 points or +$270. Targeting 550 at this […]