The YM was able to take out its prior weekly swing high which indicates it wants to move much higher. The ES, however, has not confirmed this. The S&P 500, being made up of 500 companies, is the boss. It carries more weight than the Dow 30. So, while it is worth noting the YM’s [...]
Several years ago on Meet the Press, former Federal Reserve Chairman Alan Greenspan made the comment that the Fed would not allow the markets to be the straw that breaks the back of the economic recovery. Three Quantitative eases later (call them what you will) and you would have to say up to this point, [...]
Many market analysts are looking for a Christmas rally into the end of the year. We have seen the markets (US Dow and ES) roll over in the weekly MTPredictor wave 4 resistance area. Can the markets rally from here? It may take some magic from Santa (or the Fed) to turn this ship back [...]
As anticipated, the YM (Dow mini contract) rallied into earnings and options expiration into initial MTPredictor Decision Point resistance. I expect the market will get a little more upside into the wave 4 Decision Point resistance area from 11,830-12,000. This will be a critical “Decision Point” for the market. If it can close above and [...]
Today’s free MTPredictor trading webinar covered our 4 Step Trading Process in evaluating Google, the S&P and the Dow e-minis in both the smaller and larger time frames. You’ll see how the software will help you keep your initial risk small and controlled while keeping the reward side of the equation at least twice the [...]