These are mid day charts for premium members to compare what they see to what Mack is seeing.
I am going to share another email I received from this student trader. I have shared a couple of other emails in my videos, but this is his third month of profit with zero losses. Read the email, as he just reiterates what it takes to succeed at chart reading and learning price action. Most…...
The volume has been low so far this morning. That is not uncommon after an extended holiday weekend but note too that because we are moving into the final months of summer break. The market often slows down through July and into early August as traders take vacation and spend time with their kids and…...
So far today, the chart looks very similar to yesterday’s chart. Prices rallied strongly early on but have now turned downward. That does not mean the day will end the same as yesterday, but it is very possible. I would call the bias sideways to possibly turning down now, as there is a large gap…...
After discussing my recent issue with lag in yesterday’s video, I got a plethora of emails indicating that it is a “time sync” issue, and nothing more. I thought I would share this with everyone so that you can be aware of it and what the fix is if you are having lag issues. Note…...
The rally continues this morning with follow through buying. For now, the trend and bias are up. As you well know, that could change in this market at any time but stay with the up-trend as long as it remains in play. You should expect some mixed trading at times, as that seems to be…...
Prices rallied during the overnight session and early into the regular session opening period but left a large gap on the chart in doing so. Prices appeared to be making an attempt to fill that gap but bounced early and are now trending higher. The target to fill the gap is down at 7397.25 should…...
I am having the same problem with my charts again this morning. Right around 8:45 – 9:00 AM, it started printing this large bar. I have closed my charts and re-opened them several times and reloaded the data and the large bar persists for now. Is anyone else encountering this issue? If so, please post…...
I am a few minutes late in posting this, as we had a crazy move on the charts right at 9:30 AM CST, so I wanted to see how that worked out before posting my chart. I assume it was from the natural gas storage report. There was a huge surplus over what was forecasted,…...
Prices are mixed and ranging so far this morning. That could change as the day progresses, but for now, I would call this a range. Note that the range is wide enough to get trends within it, so you can use trend rules as prices move from side to side of the range. Wait on…...
While prices are rallying higher as I am typing this up, this feels more like a range type day. It is possible prices have found a bottom, but until that is proven out on the chart, I am going to say this will likely end as a range day. There is a large overhead gap…...