The market has been in a bullish mode since the mid-November lows. I expect that bullishness overall will continue into and perhaps past the New Year. But in any uptrend there will be pullbacks. I am anticipating a pullback early next week. In fact, it may have already started. My Routine At the end of each week - usually on Saturday afternoon when I have some quiet time … [Read more...]
Trading The ES
It was another good day of trading in the S&Ps. You might not know it from the daily chart, as the dailies are contracting. But the intraday has been quite lively. Today's action was pretty classic Wyckoff trading. I am showing the full Globex session on the 3,000 tick chart. I like using tick charts because they capture the overnight moves nicely and even during the … [Read more...]
Today’s Trading – You’ve Gotta Love Those S&Ps!
You have to love days like this. The S&Ps offer so many great opportunities. It is no wonder that so many traders work the ES day after day. In the opening range, it appeared that buying was coming into the market. The overnight had stayed within a narrow range and it seemed reasonable that the S&Ps would take a shot at trading through the high of three days … [Read more...]
