Yesterday was an interesting day as far as our friend the Hindenburg Omen is concerned. According to the Wall Street Journal NYSE data we had 137 new 52 week highs and 69 new 52 week lows. The 69 new lows equaled 2.1814 percent of the total number of issues traded at 3,163. The minimum percentage [...]
The ES headed back up to its 200 day moving average last week and was once again rejected at this level. The MTPredictor Elliott wave and Fibonacci trading software has set up an automatic TS3 sell off this 200 day resistance. The advanced Elliott Wave tools reveal that we have sold off into wave 4 [...]
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 [...]
In this weeks MTPredictor Elliott wave and Fibonacci trading software update, we will check up on the daily AUD/JPY MTP automatic TS3 sell signal and its effect on the ES (S&P e-mini). We’ll also see the current channel the US Index futures are in on the weekly time frame. Gold may be finishing a wave [...]
There were some nice setups in the ES, NQ, YM and Oil today. Check out the video to see how they played out. By the way, the NQ did finally hit that 6 to 1 risk to reward target. MTPREDICTOR™ TRADING SOFTWARE Control your Trading Risk in 2010 and win… Find low risk trade opportunities [...]