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The stock index futures had breakout setups for today. For the eMini S&P, the patterns that told us to look for a breakout trade were a doji bar and NR4 (narrowest range of the previous four sessions. These patterns indicated that on Tuesday traders didn’t want to commit to buying higher or selling lower; this… Read more.
The eMini S&P futures were on the Sell Short day of the Taylor Trading Technique cycle today. Trending markets are a double edged sword for the TTT – they are the kind of markets we want to participate in however they often show only shallow retracements against the trend, which can make it challenging to… Read more.
In today’s Swing Trader’s Insight I suggested we look to buy the eMini S&P futures. They were on the Buy day of the Taylor Trading Technique (TTT) cycle; this gave us both a directional bias to anticipate today as well as a specific entry setup to look for. Monday was the Sell Short day of… Read more.
In this morning’s comment for Swing Trader’s Insight I wrote that I would look to short the November soybean futures if they broke the Thursday low. I try to get the morning comment out as early as possible. For this reason I don’t provide a lot of detail there; I thought I’d explain the setup… Read more.
In this morning’s note for Swing Trader’s Insight, I said we should look for a Taylor Trading Buy day for the eMini S&P futures. Early session weakness was a good buying opportunity and the market saw a good rally today. In last night’s Swing Trader’s Insight I was more cautious. Friday was a doji bar… Read more.
Both the eMini S&Ps and the soybeans had breakout setups today. The soybeans made a modest move. The eMinis were a bigger mover; I missed the early entry but found a decent trade this afternoon. Soybeans had a breakout setup after yesterday’s doji bar and NR4 formations. Normally we would wait for a break below… Read more.
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In last night’s edition of Swing Trader’s Insight (STI), the eMini S&P futures were labeled as a breakout setup for today. There were two distinct reasons to anticipate this. First, the previous two sessions had been inside days, indicating price compression. Second, today’s monthly employment report was a likely catalyst for a breakout trade as… Read more.
The Swing Trader’s Insight avoided a pre-market downside fake out before the Friday employment reports to capture a breakout trade in the eMini SP.
FOMC meetings are a good example of times when markets may show breakout setups and subsequent breakout moves as traders will trade cautiously ahead of the meeting and then take positions after the meeting statement is released when traders then have more complete information to base trade decisions. Today’s Fed meeting was no exception… Read more.