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Corona, CA – Price Projection – The S&P500 emini futures has hit the 50MA, (moving average) and could stall and create a consolidation zone from 1948 to 1972.

ES price action 10 27 2014 300x267 Price projection SP500 pre open

This Zone from 48 to 72 was the previous swing high of consolidation before the last buyer move and the correction to 1820.

The blue arrows are a single deviation price projection in both directions. 1972 to 1950 are the bounds for the first move dependent on the opening pressure from the overnight.

For a single directional move with momentum we are looking for resistance at 1992 and support to come in at 1930.  These would be large swing moves and Monday normally falls into a range of 13 to 18 points.

Buyer Volume has been decreasing on the past 3 days of trading and this could sign that the bulls and bears are searching for direction and waiting for one of the other to make a move to create direction.   A lot of the general financial media has talked about taking profits at this level and breaking to new highs.  Watch for the bounce off the open if there is no major news breaking and NY is not experiencing more Ebola.

 

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After running through numerous charts I found a few that look interesting to me to keep an eye on in the coming weeks.   Here are a few of the things I will be watching in the coming trading days.

 

14 10 23 15 17 22 AUDCHF 300x211 Live Futures and Forex Trading   Weekly Forex Outlook AUD/CHF Trading

Looking at the possibility of an Inverse Head and Shoulders pattern forming on the weekly.  Support is in at 0.8175-0.8200.  Trading above that will give me a target of 0.8415 and 0.8600 in the coming weeks.

 

 

 

 

 

14 10 23 15 41 27 AUDNZD 300x211 Live Futures and Forex Trading   Weekly Forex Outlook AUD/NZD Trading

Looks like the AUD/NZD has found support and is making a move back to the upside.  Could retest previous highs and if it moves through the 1.1315 area price could look to test into the 1.1400 – 1.1500 area.  Long term support in at 1.0930 – 1.0960 area.

 

 

 

 

 

14 10 23 15 36 00 CHFJPY 300x211 Live Futures and Forex Trading   Weekly Forex Outlook CHF/JPY Trading

CHF/JPY has crossed sideways through a long term bullish trend line and also has formed some lower highs in doing so.  With big resistance to the upside it looks as though this pair could see some retracement on the previous move up in the coming weeks.  Resistance in the 117.00 – 119.00 area with support at 111.400.  a break of 111.400 will likely lead to selling into the 109.00 area of support.  Without a breakout this area could consolidate and continue sideways.

 

 

 

 

14 10 23 15 20 16 CADJPY 300x211 Live Futures and Forex Trading   Weekly Forex Outlook CAD/JPY Trading

Looking at the Cad/JPY there has been a sideways channel forming in the last number of months.  I am watching for a break of this channel as that will likely lead to long term direction on this pair.   Watching for the 96.000 – 96.600 area for a decision on direction on the daily to see if we will retest the top or reverse back to the downside and continue to trade under the 50MA on the daily chart.

 

 

 

 

14 10 23 16 00 54 EURGBP 300x211 Live Futures and Forex Trading   Weekly Forex Outlook EUR/GBP Trading

EUR/GBP looking like it is forming an inverse head and shoulders on the daily chart right now, after putting in a long term double bottom on the monthly and weekly charts.  If this pattern plays out we could be looking to retest previous highs in the 0.8030- 0.8060 area and then watch to see if price will move through resistance.   However with all the news out of Europe at the moment, perhaps things will call for a deeper test into support.  I expect to see early in this weeks trading how this will play out.  Short term support at 0.7870 with previous swing low in at 0.7770.

 

 

 

The post Live Futures and Forex Trading – Weekly Forex Outlook appeared first on Day trading course S&P 500 Managed Trading Accounts.

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S&P500 Emini Futures Price and Direction, watching as we had a capitulatory sell this past week and watching the retracement (38.2)

sp500 emini price projections 7 17 2014 10 20 2014 300x263 SP500 emini futures price projection sp 500 The S&P500 emini futures price and direction to start the week. The first major resistance is the 200MA at 1890. Buyers tested this Friday with a a move up to pierce but not close above. Support is at 1864 with a closed gap on the opening price action.

 

Today’s Projected range
1850 to 1900
Volume could fall off
Resistance 1893 and 1900 1913
Support to 1864 1850
Capitulation to 1800

Watching for this to stay in a tight range, no dominant pattern as there could be buyers following through on Friday’s momentum.

Possibility of a Inverted Head and Shoulders with a return to 1940.

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Day trading course S&P 500 Managed Trading Accounts –

Today I am taking a quick look at the S&P 500 Index and Crude Oil to check up on what could be our longer term direction on these two. SP500 300x208 Live Forex and Futures Trading   A look at the S&P 500 and Crude Oil S&P 500 Trading – ES

Looking at the daily and weekly charts on the S&P we can see that price is looking like it may be crossing the long term weekly / daily supporting trend line set in at the   1940.00 area.   I expect some support in around the 200MA as we have previously seen.  A closing price below 1920.00 on a daily chart could confirm direction and see price continue to test into the 189SP500Weekly 300x208 Live Forex and Futures Trading   A look at the S&P 500 and Crude Oil0.00 area of support from there.

However, if the buyers step back in in this area and bring price back up above the 1945.00 area, I will expect another move to the upside.  This long term trend line has been respected every time it has been touched since Dec of 2012 so I would not be to quick to lay on the short unless you have ample reason to do so.

I will be watching for the confirmation on the breach of this long term trend before putting in a long term position on it.  Until then, the daily range has been large and has offered many good intra-day trading opportunities.

 

 

 Crude OilDaily 300x171 Live Forex and Futures Trading   A look at the S&P 500 and Crude OilCrude Oil Trading – CL

Looking at oil on the weekly and daily charts it is easy to see that Oil has broken the long term supporting trend line that I wrote about a little while back at 91.00.

Price has already tested the $88 target I mentioned once and if it continues to trade below the 91.00 area then $86 – $85 is a great target looking at the weekly chart.

Also, another item of note is on the Daily chart of Crude Oil we have gotten the classic technical long term short signal “The Triple Death Cross”.  This occurs when the 50/100/200MA’s all cross into order in the bearish position.   This

Crude Oil 300x171 Live Forex and Futures Trading   A look at the S&P 500 and Crude Oilmeans that the 50MA is under the 100MA and the 100MA is also under the 200MA.  In classic technical trading this points towards falling prices in the Mid – Long term time frames, and with the recent break of the $91 support, I am watching price for possible entries on short positions to target the $86-$85 range as a first target in the coming months.

The post Live Forex and Futures Trading – A look at the S&P 500 and Crude Oil appeared first on Day trading course S&P 500 Managed Trading Accounts.

Day trading course S&P 500 Managed Trading Accounts –

Thought I would take a quick look at a couple of the Majors with the USD today to see what direction they could be going in the next few weeks.   I am checking in on the EUR/USD, AUD/USD, USD/CHF and USD/JPY.

EURUSD 300x134 Weekly Trading   Live Futures and Forex TradingEUR/USD Trading

Long term trading on this pair seems to have moved under the long term support at 1.2730.  This move below support opens up a monthly downside target at 1.2325.   1.2325 is the next area to watch for on this pair as price moves to there to test the monthly supporting trend line.  This pair has seen a HUGE decline in recent months and shows good momentum to close the 1.2325 target.

 

 

AUDUSD 300x123 Weekly Trading   Live Futures and Forex TradingAUD/USD Trading

AUD/USD is trading on key weekly support.   A double bottom is in at the 0.8659 are right now.  If price has enough momentum to break support and trade under 0.8659 then this pair could fall to retest previous lows in the 0.8085 – 0.8100 area.  However if price finds support here and retraces in the short to Medium term the we could see a test back to the 0.8850 area before any key moves come in.   Key price is that bottom of 0.8659.

 

USDCHF 300x239 Weekly Trading   Live Futures and Forex TradingUSD/CHF Trading

Price is trading into a long term resistive trend line at 0.9650 area.  If price breaches this area I am targeting the 0.9800 area and long term could even see the 0.9950 area again.  If resistance holds a retracement to the 0.9400 is probable.    Watching the 0.9650 area…

 

 

 

 

 

 

USDJPY 300x251 Weekly Trading   Live Futures and Forex TradingUSD/JPY Trading

Now trading sideways for the last three weeks, resistance in the 109-110.000 area has held so far.  If price breaches this resistance then we could see price move to test the 112.00 and 116.000 area’s in the Med – Long Term.   If resistance holds, look for a retracement on this move.  108.000 area to start with 106.00 as the next area to watch for.   Still watching for the decision.

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Day trading course S&P 500 Managed Trading Accounts –

This week I am posting a few more of the markets I am watching for trades over the Mid-Long Term time frames.  It seems that after my analysis and going through my charts that the GBP and the JPY are going to be the currencies I am watching the closest.   I am curious how these two will perform in the coming months as my technical s on GBP and JPY charts are coming into agreement on direction for the Mid-Long Term.   I have outlined some long term weekly observations I have made looking at these pairs against a few other currencies.

GBPJPY 300x224 Weekly Trading Outlook   GBP / JPYGBP/JPY Trading

After trading up though the previous highs on the weekly chart a couple weeks ago, the GBP has come back to test the new support at the 175.00 area.    This area is the key to the long term direction and a move back below 175.000 could see price start on a reversal and test back to previous supports.   If this occurs I am targeting 174.00 and 170.00 for downside targets.   If price stays above the 175.000 area, then I will remain on the bullish side with my previous targets from earlier posts.  Undecided until a direction is pointed out probably later in the week.  However, based on what I see against a list of others I am leaning towards the SHORT.  However no position yet.

 

 

 

 

GBPCHF 300x239 Weekly Trading Outlook   GBP / JPYGBP/CHF Trading

This pair has now put in a new high but has reversed right back down to trade under resistance.   I am watching for the possible reversal in this area over the coming weeks.  If price crosses support at 1.5440 I will be looking for it to test back into 1.5300 and possibly the weekly supporting trend line in the 1.5100 area.   There is Monthly resistance on this pair at 1.5479 that I am not sure it has the ability to crack.  Watching for the SHORT

 

 

 

 

GBPUSD 300x250 Weekly Trading Outlook   GBP / JPYGBP/USD Trading

GBP/USD is testing to the 200 weekly MA at this point.  Weekly downside support at 1.5900 area.  If price breaks the 1.5900 area, watch for the test to the 1.5500 area in coming months.  Watching for the SHORT

 

 

 

 

 

 

GBPSEK 300x224 Weekly Trading Outlook   GBP / JPYGBP/SEK Trading

This pair has just seen a large rally since early in 2013.   With the last of these tops on a weekly being very close to the same, technicals could be starting to point out a change in direction in the coming weeks.   Watching for the SHORT but could possibly take 2-5 weeks to find the right entry.

 

 

 

 

 

EURJPY 300x255 Weekly Trading Outlook   GBP / JPYEUR/JPY Trading

Price has crossed the weekly supporting trend line and is staying under the resistive trend line.  Could see a test to the downside for this pair if price continues to trade below the 136.00 area.  First level of support is at 135.00 area with 132.000 to follow.

 

 

 

 

 

 

NZDJPY 300x219 Weekly Trading Outlook   GBP / JPYNZD/JPY Trading

This pair also has recently crossed a long term weekly bullish trend line.  Also, this pair has played out a triple top and is showing signs of reversing direction.  The last 2 weeks of trading saw price cross and close below the 50MA as well as the classic “Death Cross” of the 50 and 200 Day Moving Averages crossing into a bearish divergence.  Currently short with targets set in the 82.50 area.  Resistance in at 86.000 area.

The post Weekly Trading Outlook – GBP / JPY appeared first on Day trading course S&P 500 Managed Trading Accounts.

For those who made money on Bull market,Unfortunately,I won’t be able to make any future calls in for you guys, with already some

And for those who will attend the event, you will also receive a private support by e-mail, or  live, so we help you to take the MAXIMUM in profits from the Market!

Have a Great End Of trading this years! is when you make the most profits or the market! Talk to you Next Year! Happy New years!

Konstantin

The post Knock Kock… Whos there? Beark Market appeared first on Day trading course S&P 500 learn how to trade day traders..

Day trading course S&P 500 Managed Trading Accounts –

This week I took a long term look at a dozen markets to get a sense of how these markets will moving over the long term for direction.   Here is what I think we could see over the next few day / weeks/ months of trading these markets.

 

DOLLAR INDEX 300x239 Day Trading Course   Weekly Market Overview Dollar Index Trading

Price is trading into a large monthly resistive trend line @ 85.70 – 86.20 area.  This will be the area to watch to see if price will take a breather from the last couple months move up and turn around to trade back into the long term pennant that has been building for the last 6yrs.  If we break out through the 86.20 area, we could see the Dollar Index trade to test the 89-90 area and then possibly the 94 in the coming months.   86 remains the key area here.

 

 

 

 

Crude Oil 300x239 Day Trading Course   Weekly Market Overview Crude Oil Trading

Price seems to have found support from it’s long term move down in the $91.00 area.   Currently we are experiencing the building a possible reversal pattern on the daily charts after the last couple weeks tested the monthly support line at $91.00 and failed to push through.  Price is still trading inside the daily bearish trend line, but with a break of the $94.50 – 95.00 resistance we could look for price to return to the $97.00 area.   Should price decide to retest the bottom and break $91 support, there is little keeping oil from moving to test into the $86 – 88.00 range.  $91 Support is the key.

 

 

 

 

EURGBP 300x241 Day Trading Course   Weekly Market Overview EUR/GBP Trading

Price has been trading straight down for this pair the last couple months and is closing in on some huge long term support.  Long term multi year support on the monthly is coming in at the 0.7750 area.  If price fails to break that area in the next few weeks, then I think we could see a reversal from here to test resistance again.  Resistance comes in at the 0.8100 area, although it seems the short term test to 0.7750 support is more likely before a turn around of any real size.

 

 

 

 

GBPCHF 300x241 Day Trading Course   Weekly Market Overview GBP/CHF Trading

The GBP/CHF has traded in into a long term weekly resistance in the 1.5500 area.  If this move does not move through this area quickly, then I will expect a retracement to start from here.  It could take 1-4 weeks for this scenario to play out yet.  So watching price around the 1.5480 – 1.5500 area will be key.

 

 

 

 

 

 

 

GBPJPY 300x241 Day Trading Course   Weekly Market Overview GBP/JPY Trading

The GBP/JPY has just broken through the 175.00 long term resistance in the last few weeks.  This break up shows a possible move to test the 193.00 area of resistance on a monthly chart with continued JPY weakness in the coming months.   Should price move back under the 175 area, then a test of 165 resistance would be likely for the pair.

 

 

 

 

 

USDJPY 300x241 Day Trading Course   Weekly Market Overview USD/JPY Trading

USD/JPY has been on fire the last couple months.  Both weekly and monthly charts appear to be in agreement on the direction and my target is set to 114 on this move in the next couple months.  However, 110 will be the area to watch for resistance on the daily price action as there will likely be some retracing on this move at some point.

 

 

 

 

 

USDCAD 300x241 Day Trading Course   Weekly Market Overview USD/CAD Trading

The CAD has been an exciting one to trade as of late.  With moves from 1.00 to 1.12 and back to 1.07 and back this one has been a roller coaster for trades in the last year.  The weekly chart looks set to test the 1.1250 area of resistance again. Here the market will decide on if it will continue to test the old 1.14 area of resistance set in a few years back.

 

 

 

 

 

CADJPY 300x241 Day Trading Course   Weekly Market Overview CAD/JPY Trading

CAD/JPY price has broke through long term resistant trend line.  Should price stay above the 96.50-97.00 area, 101 and 107 look like possible upside targets should the direction continue.

 

 

 

 

 

EURCAD 300x241 Day Trading Course   Weekly Market Overview EUR/CAD Trading

Price has consolidated in the last month.  Could be looking at this pair making a reversal in the near term if these lows hold as support.   If not then 1.3825 is my next level to watch for on the downside.  It may take another week to get a clearer picture of direction on this pair.

 

 

 

 

 

AUDCAD 300x241 Day Trading Course   Weekly Market Overview AUD/CAD Trading

Price is trading towards a long term monthly supporting trend line.  Support on this comes in at the 0.9700 area.  Should price move to  test the support, we will be watching for the decision on direction.   Both the CAD and AUD have been under pressure against the USD lately.  I think this could be a good area to watch for a reversal if you can find an entry with very little risk in the shorter time frame and get preventative quickly.

 

 

 

 

AUDNZD 300x241 Day Trading Course   Weekly Market Overview AUD/NZD Trading

Currently trading in a long term monthly resistive area @ 1.1200.   Breaking through this area could mean price moving to the 1.1600 and possibly 1.2000 area’s in the coming months.

 

 

 

 

 

EURAUD1 300x241 Day Trading Course   Weekly Market Overview EUR/AUD Trading

Price is moving into weekly resistance.  A break through the 1.4550 – 1.4600 area could mean a move to test back to the 1.4800 and 1.5000 area.  While if resistance holds then we could see price move back into the 1.4250 – 1.4300 area, before continuing on.

 

 

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