Today was another session that the stock index futures had breakout setups. Using the overnight structure as I wrote about yesterday (read HERE), we were able to trade this morning’s breakdown although the market was well past the standard trigger levels for a breakout trade entry. In 2017 I wrote a report (get a copy… Read more.
In last night’s edition of Swing Trader’s Insight (STI) I labeled today as a Taylor Trading (TT) Buy day for the stock index futures. Normally we would use the previous session low as the “reference price” for a TT Buy day however in this morning’s comment I suggested we look at overnight structure to get… Read more.
In this morning’s comment for Swing Trader’s Insight (STI) I wrote that I would consider buying the EMini S&P if it rallied back above 2900. I’ve often said that Sunday night moves should often be faded; this was a good example of that guideline. In last night’s edition of STI, the EMini S&P was labeled… Read more.
In this morning’s comment for the EMini S&P, I noted that it had two setups for today. These two setups anticipated the market moving in opposite directions. Luckily, we didn’t have to guess as to the move’s direction, we let the market decide and go with it. First, by a Taylor Trading cycle count today… Read more.
Yesterday afternoon I sent out an email that pointed out a potential trade in the June lean hog futures. This came from Monday’s breakout setup; hogs sold off this morning and look to close limit down today, which suggests more downside on Wednesday. In my Swing Trader’s Insight advisory I use a number of patterns… Read more.
In last night’s edition of Swing Trader’s Insight, gold futures were labeled as a Taylor Trading Technique (TTT) Sell day for today. This morning I updated that call, and I suggested we could look to short on a failed rally above the $1300 pivot point. For a TTT Sell day, we would normally look for… Read more.
In this morning’s note for the EMini S&P futures, I suggested we might look to short the market if it the overnight rally failed. Friday had been a rally out of a breakout setup and I have long told my readers to be suspicious of Sunday night moves as they often reverse on Monday. This… Read more.
Today’s breakout setup in EMini S&P futures gave two trade opportunities today,
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.