The YM hit the MTPredictor wave 5 down target last week. It then began the bounce higher off this area on its way to the wave 4 Decision Point resistance area starting at 11,600 – 12,000 area. The markets have also followed the earnings season and options expiration tendency to move higher. Now, we’ll see [...]
The Dow sold off hard last week off of the MTPredictor TS3 sell signal that was given back on 9/1. Friday we came into the MTPredictor Decision point support. The MTPredictor trading software gave a DP buy signal due to the divergence in our Strong Trend Filter. The signal is against the bigger trend so [...]
The markets rallied into options expiration week as it does about 70% of the time. This stopped the daily YM TS3 sell signal as a break even trade. The MTPredictor wave 5 targets, however, are still in play as the wave 4 resistance area has not been taken out yet. If it is not taken [...]
Tonight’s video contains some brief thoughts on 9.11 and one of the important trading lessons I learned. I certainly don’t take these markets for granted. The Dow futures have opened lower this Sunday night. The TS3 YM short has rolled over with the wave 5 target in sight. The TS3 oil short has stopped at [...]
The Dow moved higher into wave C up which generated the MTPredictor TS3 sell signal in the YM daily chart last week. Targets for this trade which include the wave 5 down are in tonight’s Weekly Market Update video. Oil has also generated a nice ABC pattern into an MTPredictor TS3 sell signal. This one [...]