This blog post is highlighting the MDA Snap Shot entry, risk and exit that took place in the E-mini S&P today 12/18/15. Subscribers of the Market Dimension Advisory received these MDA Snap Shots via email in real-time when the trade was developing on my screens. Below you will see a recap of the technical Snap Shot Entry and Exit.
I wanted to provide a quick update on the ES position from the MDA Snap Shot from yesterday 12/14/15. Below you will see an updated chart showing the entry and real-time market snap shot. For those who are still in this trade it is decision-making time.
Upcoming support in the Soymeal?
We talk from time to time about certain trades or spots on a chart where if support or resistance does NOT hold, there may be an opportunity to participate in the move that comes after that fail. I have 2 charts in particular that have been on my radar the past week.
It’s Webinar Wednesday! Pull up a stool and join us at the CHART WATCH! webinar this afternoon at 2:00p (cst)
Today’s Pre-Dawn will be dedicated to trendlines and stochastics and I will highlight 4 markets worth a good look (with the charts attached).
October LIVE CATTLE:
With a supportive Cattle On Feed report on Friday afternoon, I would like to get involved in this market to the upside at Monday morning’s opening price if we can.
The Slow Stochastic is an oscillator type indicator that is used to help identify changes in momentum while identifying support and resistance levels. Its basic function is to identify that during periods of price decreases, daily closes tend to accumulate near the lows of the trading range. Conversely, during periods of price increases, closing prices… Read more.