The YM (Dow Mini) has closed, for the first time in several weeks, above its 200 day moving average.  The NQ (NASDAQ mini) has also been able to close above its 200 day moving average.  The ES (S&P mini) is, however, lagging as it has not gotten to its 200 day.  What might this mean?  [...]

Friday’s are know for being slow, especially in the afternoons but that certainly has not been the case the last couple of weeks with an 11 to 1 winner in the YM 3 min last week and an 8.5 to 1 winner there today. The bias was to the long side this morning with the [...]

Today we had an interesting situation at the open that may have altered the way you traded today.  The trends were short as the markets sold off initially at the open but a quick look at the 15 minute NQ (NASDAQ futures) gave a different picture.  Check out today’s analysis using the MTPredictor Elliott wave [...]

The index futures rejected the 200 day moving averages all week with the largest selloff on Friday.  We are heading into the heart of earnings season this week.  See what the MTPredictor Elliott wave and Fibonacci trading software for stocks, commodities, futures and forex has to say about the markets moving forward. MTPREDICTOR™ TRADING SOFTWARE [...]

We had some monster short trades that the MTPredictor Elliott wave and Fibonacci trading software alerted us to this morning.  The YM 3 minute trade had a target with a risk/reward of nearly 11 to 1 while the ES 3 min was nearly 5 to 1. This is the reason why you need to keep [...]