That took a little longer than expected but we hung in there and it paid off!
Have a look at what the market did the last time the RSI was knocking on the door of the 70.00 level!
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For the Week of October 16, 2017 This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service. Highlighting This Week’s Potential Breakouts: British Pound There is a 1-2-3 Top Formation setting up for… Read more.
On Sunday afternoon I went over the price charts for my Swing Trader’s Insight advisory, looking for potential trades for Sunday night and Monday. I sent out two charts; I recommended looking to short the December Treasury Bond futures if they broke below the Friday low of 154-24. Here was the chart I sent yesterday.… Read more.
In last night’s edition of Swing Trader’s Insight I listed the Canadian Dollar futures as having a breakout setup for today. As the Bank of Canada was meeting today, the combination of a chart setup and a news event that was a likely catalyst for a move after the BOC announcement at 9 AM CT.… Read more.
As we banged off this Double Top, I like the idea of SELLING here!
Take 6 minutes and click the chart below to view the video on my thoughts on this trade idea…
August will soon be over and I released my latest guide on markets to trade heading into the end of summer…get your complimentary copy today!
This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Tuesday, August 1, 2017. There is a trade opportunity based on potential breakout in the Canadian Dollar futures market. The recent contract highs setup a Double Top Formation dating back to last April. The Stochastic indicator is showing strong Momentum… Read more.
This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Options, published on Tuesday, August 1, 2017. Low Ball Technique There is a trade opportunity based on potential breakout in the Canadian Dollar market. The recent contract highs setup a Double Top Formation dating back to last April. The Stochastic indicator is showing… Read more.