Please try another search
The Emini triggered a double bottom buy signal on Friday. However, the buy signal bar was a small bear doji. That is an unreliable setup. Furthermore, it followed a huge selloff on the day before and the Emini has been in a trading range for 2 weeks. Traders are therefore not looking for a big reversal up. More likely, the rally will end this week and the 3-week trading range will continue.
Even though the Emini has been sideways, the August selloff was surprisingly strong. Traders should expect a test below 2800 within a few weeks. This is true even if this rally tests to just below the all-time high.
Here are several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell entry with a red rectangle. I rarely also show limit order entries and entries on the close of bars. Buyers of the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day.
My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.
When considering the valuation of the market, it's crucial to recognize that the market is not a monolithic entity. By dissecting the market into its 11 Global Industry...
by Jack Fischer During LSEG Lipper’s fund-flows week that ended March 6, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for...
Meta-description: Explore the remarkable recovery of fixed income ETFs in 2023, highlighting growth, market impact, and future prospects in the wake of a challenging year. The 2024...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.