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Tag Archives: Breakout
Early morning breakout
Just as the ECB announced lowering their rate by 1/2% the ES spiked upward breaking out of it’s Major Resistance area of 1994. Now the 1994 should be the line in the sand if we are going higher. ES … Continue reading
Breakout!
After the ES retested the 1920 area of MS price rallied to the upside breaking out above the 1940 level to top the day at 1949.75 taking out prior resistance areas at 1943 and 1946. I started to back … Continue reading
Overnight confusion???
Price broke out above the 1911 area of MR overnight but the area failed to hold on the retest and now price is headed lower probably back down to the 1873 area. Price could find a minor support area … Continue reading
Possible Breakout
Early Tuesday morning ES has just moved above our 1929 area and is currently at 1933.25. If price can continue to climb we will have a new mS area at the 1929 area and price will attempt to trend upward. … Continue reading
Breakout play in PEP
During the first hour of the day had me stuck because the market was at Major Support and was in an area that prices should bounce as they had done before. Shorting at MS is out of the question, so … Continue reading
Quick play in NTAP
Sometimes a play just leaps at you and that was the case this Monday morning in NTAP. The Daily chart just screams of breakout and I even brought this up with friends during Sunday night dinner. So when price … Continue reading