June Dow Jones – The market tested support provided by the upward trending lower parallel line, on the projected reversal date. (Wednesday, May 25, 2011). This confluence of support may prove significant because it follows a possible 5-wave continuation pattern. The market need to confirm a reversal pattern confirmation before we know for sure but if it… read more
Tag Archives: Swing trade signals
Market Alert! – Wheat formed bullish reaction swing, will it confirm the buy signal? [chart] – swing trade strategies, swing trade signals, price action, action reaction, market timing, futures trading
July Wheat formed a bullish five-wave continuation pattern between April 25, 2011 and the May 13, 2011 reversal date. The market posted pivot low on the May 13th reversal date and turned higher, followed by three higher price bars and a close above the 20-day EMA. The price action was followed by a pullback to… read more
Market Alert! Lean Hogs gap lower and trigger new selling opportunities. – swing trading strategies, swing trade signals, price action, action reaction, market timing
June Lean Hogs opened sharply lower, leaving a gap and trading below the prior swing low and downward trending median line. The price action confirms overall technical weakness in the market and portends further downside pressure into the June 2, 2011 and June 6, 2011 projected reversal dates. The action-reaction projection also show a projected… read more
Currencies review – swing trading strategies, swing trade signals, action reaction.
Currencies are all trading under pressure from a higher dollar. The dollar is trading higher, after breaking out of a bullish reaction swing chart pattern that portends a continuation of this price advance into the May 26th reversal date. The British pound, Canadian dollar, and the Australian dollar remain bearish due to negative price action… read more
Swing Trading strategies – July Wheat sets up for new price move. – swing trade signals, price action, action reaction, reversal dates
July Wheat competed a downward trending 5-wave continuation pattern between the April 25, 2011 and May 12, 2o11 reversal dates, with a pivot low at $7.23. The market tested the lower parallel line support on the May 12th reversal date and turned higher. The pivot low was followed by a strong two and half day… read more
Trade Alert! – Short July Cocoa breaks support. – swing trading strategies, swing trade signals, action reaction, reversal dates, market timing.
TMV Swing Trade report – Short July Cocoa @ 3012 – current price @ 2901 – Patience finally paid off as the Cocoa breaks support and quickly falls over 70 points during Friday’s session. So where to now? The next reversal date is due on May 27th and the reaction line intersects with the descending… read more
Reversal dates for the week of May 23 through May 27. – swing trading strategies, action reaction, market timing, swing trade signals
Monday – May 23 – Soybeans, Soy meal, Heating oil, S&P, Rice Tuesday – May 24 – Crude oil, Natural gas, Sugar Wednesday – May 25 – Dow Jones Thursday – May 26 – Dollar index, Sugar Friday – May 27 – Cattle, Wheat, Cocoa, Nasdaq For information about how to use the reversal dates,… read more
Trade Alert! – Short Lean Hogs approaching target objective! Swing Trade Strategies, swing trade signals, action reaction, market timing,
TMV Swing Trade report – Short June Hogs @ 93.70 – current price @ 92.05 – The market tested the downward sloping median line,early in the trading session. The median line will most likely act as support from where the market may rebound. It is time to exit the short Lean hog position at 91.70… read more
Trade Alert! – Short Canadian dollar hits Target! – Swing trading strategies, swing trade signals, action reaction, price action, market timing
TMV Swing Trade Report – Short June Canadian dollar @ 1.0301 – Current price @ 1.0241. The Canadian dollar has reached the initial target objective. I recommend exiting the short position at the market> I will wait for a rebound to see if it offers a another selling opportunity.… read more
Trade Alert! – July Sugar setting up for price advance! – swing trading strategies, swing trade signals, price action, action reaction, market timing. [chart]
July Sugar is forming a bullish complex reaction swing, with a peg-leg pattern, on the 60-minute chart. A trade above 22.05 is needed to confirm the new pattern. If confirmed, the price pattern portends quick price advance toward 23.50.… read more