Today started off as a very tight range day with two levels, but has now started trending lower. The larger two tiered trend needs a bit more price action to confirm, but...
I am back from vacation, but unfortunately, I have a crazy week with some personal business that I will be taking care of this week. I am starting a new real estate...
Yellen is speaking on behalf of the Fed in Wyoming this morning, and that did create some volatility right around 9 AM CST this morning. At the moment, the price action is...
This day trading lesson comes after many multiple requests. I have had this lesson on the “to do” list for a while, but after continued requests for a lesson on short term...
I see two possible channels this morning, and until we get a bit more price action, it will be difficult to determine which is the most important. The steeper channel (green channel)...
There is an FOMC announcement today at 1 PM CST, and if today is like most average FOMC type days, the market will not do much prior to the announcement. Generally you...
I delayed posting today’s chart with the hopes that something might happen to give us a better idea of the price action direction today, but that has still not happened. Today looks...
I see a gap up this morning that looks like a spike and channel pattern. When you see a lot of small choppy bars that keep moving in one direction, it is
UPDATE: Now that we have a bit more price action to the down side, I see what appears to be a nice two tiered downward channel. A measured move down would give...
Today looks very rangy again so far, with prices swinging from one side of the EMA to the other. I do see a possible two tiered upward channel, but it’s so flat...