Quote of The Day "If we do not discipline ourselves the world will do it for us." --William Feather |
|
|
| Hey folks... Welcome to this week's trading wrap.
The weekly chart looks like it's attempting to trace out a Cup & Handle pattern.
SPX Weekly |
|
|
The strength of the pattern is less apparent on the Daily, but it's there... Kinda.SPX Daily |
|
|
|
ES Daily Chart As of 15 June 2018 The daily ES chart shows a powerful bounce out of support and sets up the potential for a powerful move higher. |
|
|
ES 15 Minute Chart As of 15 June 2018 Click chart below for day's recap...
No trading for me today, but the markets were fairly juicy with opportunity... |
|
|
| Summer Of TAOST Bias Would you be happy with +100% return in 2 weeks?
Or know someone else who would be?
Click the image below to watch a video recap of today's/this week's Summer of TAOST Bias results. |
|
|
|
| More Bitcoin Hey, remember when I said last week that it was too soon to purchase/add to a position in Bitcoin?
Well it was above $7,000 then...
It's not now.
I suspect it's gonna break support before it's all said and done. |
|
|
|
Today's TAOST Stalk Candidate
A strong triangle pattern in HOLX and it's closer to the bottom of the range than the top.
I like it here.
Stalk long entries on a lower timeframe, and use the rising trendline as an ultimate stop level (where you change your posture and stop looking for long entries). |
|
|
|
As always, make up your own mind and mind your risk no matter what you do.
KIS,
The Trader
|
|
P.S. Was this email forwarded to you? Get your own free ticket to the party here.
|
|
Copyright The Art of Simple Trading, LLC 2018 All Rights Reserved |
|
