Yesterday, we noted that the 1925-30 level would present likely resistance to the S&P futures. The market couldn't quite reach that level, stalling with no demand at 1924.25. Close enough. A swift, 10-point fall after the US open pushed the market down to yesterday's low at 1914. This was noted as potential support on a Facebook post, with 1910 as strong support. We … [Read more...]
Trade Mindfully
As many of the readers of this blog know, I have been writing a book on trading psychology. Last week, I submitted the manuscript to the publisher, John Wiley & Sons, Inc. Wiley has put it up on it's website. You can see a preview of the book at this link: Trade Mindfully by Gary Dayton You can also find it on Amazon, at this link: Trade Mindfully at Amazon.com The book … [Read more...]
Free Webinar Tomorrow
We will be holding a free webinar tomorrow (Wednesday). It will run about 40-45 minutes. Just us and see how Wyckoff principles unfolded last week in several markets, including the S&P e-minis, Crude Oil, and the Euro Currency. We will look carefully at how to apply Wyckoff's reading of supply and demand in each of these highly active markets. You will see some great … [Read more...]
Big Morning Up
The S&P futures had a good run up this morning. Just before the US Open, the market tested the overnight lows (T) and took off. You can see the demand that came in off the US open, confirming the test (D1) and indicating the overnight high would break. The short pause here had light downside volume, opening the door for buyers to come in, and they did (D2). Buying … [Read more...]
Free Webinar was “Fantastic!” You can now View the Recording.
We just finished an excellent free webinar on reading the market bar-by-bar. It ran for a little over an hour and went into some depth on assessing the market by its primary language: price bars and volume. We also briefly discussed what will be covered in the webinar on bar-by-bar chart reading next week. Access & Comments We’ve put the recorded webinar on our website … [Read more...]
