QQQ broke down below the bear flag continuation pattern yesterday shortly below the close. Pre-market trading currently indicates a gap up that would backtest the flag from below so on watch for any failure there followed by an impulsive move lower, especially below the 129.75 support level. That bear flag was previous highlighted on the [...]
The CCE (Coca-Cola Enterprises) Swing Trade + Growth & Income Trade has just hit the third price target, T3 at 37.42, for a 19.7% gain* since the entry on December 7th. As T3 was the final target for the Long Swing Trade, consider booking full profits or at least raising stops, depending on your trading [...]
The following notes & charts outline the entry criterion, price targets, suggested stop & beta-adjusted position sizing for a swing trade in XLF, the Financial Sector ETF.
The following notes & chart provide an update to the Active Trade on QQQ (Nasdaq 100 Tracking ETF), including the next objective entry, price targets & the suggested stop.
The bounce resulting from the bullish divergences highlighted yesterday continue play out so far today with SPY now at dual resistance: The 50% Fib retracement from the most recent plunge (yellow lines) as well as this previous reaction high. Note that the 38.2% retracement of the move down off the March 15th highs, which could [...]
My minimum correction target has been hit with the typical reaction off that key support level, which is the bottom of the trading range since early December. So far a typical oversold, counter-trend bounce that hasn't even made it to the 38.2% Fibonacci retracement of the move down off the highs yet. 60-minute charts below [...]
As the long-term outlook for CCE (Coca-Cola Enterprises) continues to firm up, two additional price targets have been added to the active Growth & Income Trade while T3 (37.42) remains the final target for the active Swing Trade. The two additional price targets for the CCE Growth & Income Trade are T4 at 38.95 & [...]