Prices rallied strongly through the overnight session and into the 8:30 AM CST regular session opening but have now turned down. The strong overnight rally left a gap on the chart, and that target would be down at 6271.75 should prices attempt to fill that gap. The turn down has accelerated slightly as I am […]
My apologies for not letting everyone know I would be out Monday. I am fine and all is good! I actually set up a notification that was supposed to go out Monday Morning letting you know I was taking an additional vacation day, but in my haste to get it set up and get out
This is a live trade that one of our students took today. This is a higher low, following a 2nd entry near the KEP/Trend Line. This is a good setup and good trade. Thanks to this student for sharing.
Prices are trending higher as I am typing this up, but this does appear to be another possible range day overall. The long-term resistance around 6269.00 continues to hold prices back, so that price level is going to determine the longer-term direction of prices most likely. Prices will need to work through that price level
June is now behind us, and we are starting another new month. Time just rolls along, and the summer will be over before you know it. Prices are mixed again today and appear to be in another range. Prices gapped down on the Regular session opening, but that gap has already been filled. Prices could
While prices are mostly mixed as I am typing this up, they are within striking distance of all-time highs for this contract. That seemed like an impossible task a few months ago, but for now, the rally continues. Today feels more like a mixed trading day and there is a gap on the chart that
Prices are rallying again today but could still fail on the break higher above the overnight highs. Most breakouts fail, even if only temporarily, so we will have to give the price action time to show us what it plans to do. For now, the bias is mildly up to mixed.
Prices are trending higher this morning but broke out of a tight channel before pushing higher, so this might just end up as another range type day before it is over. There is another gap up as well, so if prices start trending lower in an attempt to fill that gap, that target would be
Prices are range bound again today so far. It seems prices start out this way every morning recently, so the price action is status quo so far today. There is a gap on the chart since prices opened higher at the 8:30 AM CST regular session opening. If prices attempt to fill that gap, that
Prices trended higher early in the overnight session but have gone sideways since then and are in a tight range as of now. I would call the bias mixed to very mildly up, but that could change at any moment, so stay flexible and follow the price action. There is a large overhead gap that