Tag Archives: Futures Trading

British pound completes bearish cycle, due for rebound. [chart]

Based on the 12/29 – 1/19 A-B-C continuation pattern, the Brithis pound has completed the reaction cycle and is due for a corrective rebound or begin a consolidation period. The pound reached the lower reaction line target objective, one day before the final reversal date (projected for March 2, by the reverse/forward count). The lower parallel line… read more

Gold confirms bullish reaction swing, ready to run!

Gold traded above the pivot high, confirming the bullish action swing and a TC pattern.  Confirmation of the TC pattern portends a upward swing to the test the prior high of $1166.00 for the short-term, with a longer-term target objective at $1220.00 or higher. I will keep you updated with stop movements in the TMV Swing trading… read more

Corrective bounce over in T-Bonds, major selling opportunity. [chart]

Foreign holdings of U.S. treasuries fell by a whopping $53 billion in December, the largest amount ever. the rconrd drop should be considered a leading indicator that the government might have to pay higher interest rates on its debt to continue to attract investors. This was weighing on the market today, as it traded below the prior pivot… read more

Long N-gas – re-enter long position after report. [chart]

The TMV Swing trade report was long the N-gas, based off the 5-wave continuation pattern, with the stop loss at 5.220. The N-gas stocks report was released mid session and caused wild intra-day swings in he market. The N-gas dropped to a low of 5.204 as soon as the report was released. From here, the… read more

Is N-gas setting up for a major price move? [chart]

N-gas has completed a 5-wave contiuuation pattern. This pattern typically forms in the center of a longer-term trend. (I describe this pattern on page 158 in “Unlocking Wealth, Secret to Market Timing). This would suggest N-gas is at the beginning of a new upward swing that could equal or surpass the price swing from December… read more