January Trend Trading is set for the Year - Futures Trading

January Trading Trend is set as the market price increased for the first trading week of January.

January's first five days of trading normally sets the pace for year. Looking at the weekly chart on the S&P500 emini futures for the first five days of trading we can see how the S&P500 hit support and moved up with no sellers really stepping in the way.  Presently we are testing the swing highs  with support coming in at 1430 and 1400. Market volume was low in the S&P500 emini futures last week with 5.4 million contracts trading hands.  This is low for thee week so we could either see this consolidate at the highs or a retracement to 1427-30. On the weekly this could chop around in the top half of the 50% retracement of this past weeks priced action putting the support from the swing high down about 31 points or to 1431 area. The Fiscal Cliff which is discussed extensively on News and other media has dampened the investors willingness to buy into the markets as we can see in the dwindling volume. If we end up in a Doji, where open and closing price are the same (or close to it) for the week, then I would be looking for a continuation this next week.  Watch out for low volume periods in the afternoon as this is when Market makers could take out your stops very quickly.

January Trading on the Daily Chart, S&P500 Emini futures.

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E-mini Es/S&P 500 Back to Resitance at 1460.00

[caption id="attachment_5709" align="alignleft" width="287"] Chart day trading ES e-Mini futures / S&P 500 US Index[/caption] Welcome Back everyone, is 2013! Another Year to make great Cash on Market. For this week, I don't see nothing exiting for me....look like we are going to consolidate or going for a Short one, for lite bit. Yes we are in double top, but at the same time, buyers looking to pass this resistance at 1460.00. If they do, Keep in mind, between 1460-1500 there's lots of double top from 2008.   "Strong Resistance" : As you can see, every time when we touch this double Top, Sellers bring market down to 1429.00 "Pink/Orange" : This time, Buyers keep pushing day after day, higher than previous day. but at the same time, sellers show they presence, but very little bit...no strong commitment from both sides. Is a Small consolidation zone for me... "50MA" : we are again to far from...and MA50 is under 1429.00. For next week : so far I se [...]

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Index S&P 500 Day Trading: Fiscal Cliff week

Hi traders and Happy Holidays for all of you!

This week, I made 4 targets for both side cause of Holidays.

 I like the big drop till ~1424.00 on Friday.This way it shows me that the Market respects my trend line.

Few thing to take in consideration for next week: "Blue Trend Line" , My "Green Up Trend", and "Fiscal Cliff"   "Blue Trend Line" : As you can see,1429.00 was a resistance and support for long time. And because we close above 1429 ,for next week, it will act as a Support for buyers.  "Green UP Trend" : As you can see, is a good thing that we had this sell-off on Friday, this way, we have space to go Long and go higher than before. Market looking to go back in my "Up Consolidation Zone" "Fiscal Cliff": If US fix this discussion in a positive way, we go "Long" if not "Short". Personally,(is only my opinion)....I would be very surprise if they don't agree on something before the dead line. Direction: I'm looking for "Long" only...as usually I will take if I have my[...]

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Christmas Rally Daily Chart bulls in control

Christmas Rally for the past two days as the Market rallies and there could be a chance for good bonuses.

Traders broke through the resistance at 1426.25 and gapped up to 1428 and never looked back.  This week we have seen very low volume.  As you can see there is price divergence and volume inequality on these moves up showing weakness on the buyers side.

The Christmas Rally has historically been in the first full week of trading.  

The first two weeks of December has been very consolidated with one move up and then this continuation move that started on Monday.   With a move of 31 points controlled by buyers we could see a continuation of this move to 1450 to a swing high move of 1458.  This is on low volume again which could prove to be volatile as there is not a large ask if the buyers do step in. This is also Options Expiration week.  Watch for some volatility going into Thursday and Friday as the dealers/traders adjust their positions and decide to hold into the holiday and into the New Year.  

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CHART GOLD AND CHART S&P500 Day Trading 17-21 December 2012

HI I have to remove my post with targets explanation. One trader make me realize I did not change "expiry date" for my futures. My direction still "Long for both, S&P500 and Gold" but, because my work was done on old futures contract expiry date...they are not as precises as us to be. Thank You [gallery]

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GOLD CHART DAY TRADING MONTREAL DAYTRADING

Look like gold are in a very small consolidation and few others are coming soon...(we are between MA50 and MA200) I'm looking for "Long direction" because : -price never close under 1695.00 past 2 weeks. -We have 3 double Bottom, all in one place.(Black trend Line) I hope we will finish by closing above MA50 this week or next one, so we can use it as a Support to go Higher...to the double Top around 1752.00. One more thing, If Monday I don't see any small signal or clear confirmation to go Long.....I will pass for this Call.    

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This week, I'm looking only for Long Targets. 1^st I would like to see sellers fail one more time Monday . 2^nd waiting for my confirmation Long Call  1.A:Market Try to pass 1432.00 3-4 time, Fail every time. If you notice, is was hard not only cause of double top (1432.00 double top) but also the MA50 was strong a  resistance.  1.B: Now, MA50 are the resistance, and will help market to pass 1432.00. This week, we pass once 1432.00 and next day go even with more commitment. And we even try to close above my "Dark Trend Line".  2.A: 3 resistances all in same place: 1-MA 50 2-Black line : Double Bottom 3-Green Bottom trend line   [...]

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