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| TAOST Wrap Monday 17 September 2018 |
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Quote of The Day "Aviation is proof that given, the will, we have the capacity to achieve the impossible."
-- Eddie Rickenbacker |
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So I'm back from Florence. Ol' girl was challenging, but we survived. Thanks to all of you who reached out. Everything is good on this end...
And the kids return to school tomorrow... Don't bother asking me if I'm happy about that.
Now...
The market was interesting as ever today. The ES challenged the intraday TAOST Balance Zone more than once and felt destined to push higher... That feeling was even stronger after it survived a brush with the bottom of TAOST Daily Balance Zone (see below). But then the sellers said, "Nah... just kidding," and pushed price lower into the end of the day.
The overall uptrend remains intact as evidenced by the Weekly ES chart and the SPX Daily charts below, but I remain as ever... watchful. |
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ES 15m
Price bumped into the TAOST Intraday Balance Zone as resistance today and ultimately failed. |
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ES Swing Chart 120m
TAOST broke a significant swing low level today... And yes, I should have made the text bigger on the image below. |
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ES Weekly Chart TAOST Weekly Balance Zone is holding tight and keeping price poised to push higher. |
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YM 15m
TAOST Low Power Zone held price up once it began its decline today. |
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Chart of The Day
Energen Corporation [EGN] -- This stock could well be poised for a run.
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As always, make up your own mind and mind your risk no matter what you do.
KIS,
The Trader
If you're looking for more learning, ideas, etc., head over to my free, private FB Group. |
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Copyright The Art of Simple Trading, LLC 2018 All Rights Reserved |
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