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| TAOST Wrap Tuesday 25 September 2018 |
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Quote of The Day "I'd rather regret doing something than not doing something."
James Hetfield
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The daily dance was on light volume today. There were a couple of economic data points this morning, but none of them inspired enormous movement... or volume for that matter. It seems to me that the overall market is waiting for tomorrow's FOMC announcement before committing to a direction.
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ES 15m
Price staged a perfect rally back to TAOST Power Zone before falling through the intraday Balance Zone and bouncing off TAOST Low Power Zone... twice. |
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ES Swing Chart 120m
A beautiful retest of support at 2919. |
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YM 15m
TAOST Power Zones worked like clock work today. |
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Chart of The Day
Lattice Semiconductor Corporation [LSCC] -- Strong weekly pattern reaching back to the depths of the financial crisis.
I know it's boring, but the pattern works, so let's just be bored shall we?
$5.00 looks like a good first stop level. If you want to give it even more room, $3.50 is a good next level. Either way, if you trade it, remember to position size appropriately. |
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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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