Sept. eMini S&P Futures: It’s an “exit breakout buys” day so a Taylor Trading Technique Sell Short day is anticipated- Wednesday’s high of 1946.50 is the reference price for it. There’s support in the 1941 area- Monday’s swing high and the 20 day EMA.
The USDA released their August WASDE. A summary table of the report is below…
In this morning’s Swing Trader’s Insight watch list I pointed out that for the October Live Cattle futures the 11 July low of 149.45 could be used as the reference price for a short sale. Here’s what you could do with that information.
Dec. Gold: Breakout setup (ID, NR7, doji). I like the long side above 1312.90 and 1315.50 is an upside pivot level. Trade or Fade (my breakout trade advisory) has the upside breakout level at 1316.80 and the first target at 1324.50.
The soybean futures rallied about 30 cents last week, closing on the weekly highs on Friday. The rally pushed up to a significant Fibonacci retracement level and set the stage for a trade opportunity for Monday.
Sept. eMini SP Futures: It’s a Taylor Trading Technique Sell day. Friday’s high range close made it likely we’d see further rally. Last week’s high of 1937.50 is the next rally objective. We should be anticipating a Sell Short day- either a reversal today or for Tuesday.
In this morning’s Swing Trader’s Insight watch list, my comment for the eMini S&P futures was: “It looks like we have a “cover breakout sales” day so a Taylor Trading Technique Buy day is in order.” (Read that HERE). Let’s take a look at the why (if you’re a TTT follower you might be asking this) and how you could trade it.
Sept. eMini S&P Futures: It looks like we have a “cover breakout sales” day so a Taylor Trading Technique Buy day is in order. 1908.00 should be a pivot point for the rally; the 1914.00 area would be the next target.
Sept. eMini S&P Futures: It’s a Taylor Trading Technique Sell day. Yesterday’s high of 1923.50 is the TTT objective; holding above there could extend the rally. We should anticipate as TTT Sell Short day for Friday.
Although yesterday’s blog post was about crude oil futures (read it here), I added a brief comment about yesterday’s Taylor Trading Technique signal for the EMini S&P futures, that they were on the Sell Short day of the TTT cycle. This meant today we would anticipate a TTT Buy day, and the result was a textbook Buy day rally today.