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Nasdaq Makes Major Pullback into Value Area |
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By Rick Vinecki
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May 22, 2012
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In today's pre-market prep video, we will take a look at the ES and NQ markets. In the Nasdaq market, we saw a major pullback as the market took out short coverings on its way back into its value area for the month of May. Do not be surprised to see this market continue rallying back up toward the point of control for the month.
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ES Market Fills Gap, But Did Probe Fail? |
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By Rick Vinecki
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May 15, 2012
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In today's pre-market prep video, we will take a look at the ES market. The S&P market filled a gap lower in trading yesterday as welll as a naked point of control. The next few days will show us whether or not this most recent probe to the downside has failed or not. If it has failed, we need to be ready for the market to move back into our value area.
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S&P Selling Off, Looking for Prior Low Areas |
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By Rick Vinecki
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May 08, 2012
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In today's pre-market prep video, we will take a look at the ES market. The S&P market has been selling off recently, pushing the market down towards lows that we previously saw. At the current level that we are sitting at, I would not be surprised to see buyers come into the market. We have seen this area of support hold previously when the market tested it.
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S&P Pulls Back, But Still Above Monthly Value |
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By Rick Vinecki
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May 01, 2012
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In today's pre-market prep video, we will take a look at the ES market. We have recently seen a small pullback on the S&P market heading into the month of May. Even with this two day pullback, the S&P is still going to close the month above its value area. With a strong monthly close, is this market set to continue higher to retest prior resistance.
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The S&P is Finding Strength...Will it Last |
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By Terry Martin
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April 30, 2012
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The Market (S&P) is gaining momentum after bottoming out over the last couple of weeks. The RSI (Relative Strength Indicator) is finally showing signs that The Market has found a bottom from its recent pullback (that I identified in my 2/24 post). However it is finding this strength on lower volume (not a good sign). Therefore The Market is showing signs of life.
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Gaps Above and Below the S&P Market |
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By Rick Vinecki
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April 24, 2012
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In today's pre-market prep video, we will take a look at the ES market. After selling off substantially over the weekend, we now see this market with a gap above and below its current location. The question that traders need to be asking themselves is which gap will this market attempt to fill first.
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Looking for Continuation in the Nasdaq |
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By Rick Vinecki
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April 17, 2012
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In today's pre-market prep video, we will take a look at the ES and NQ markets. The Nasdaq has been selling off over the past few days, moving back into an area where we saw a gap in volume. We do not expect this market to reverse anytime soon as it has seemed unable to sustain any type of upward movement.
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S&P Market Approaching Prior Gap in Market |
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By Rick Vinecki
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April 10, 2012
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In today's pre-market prep video, we will take a look at the ES market. As the jobs number pushed this market down, we are now approaching a gap in the market that was formed around a previous fed day. Don't be surprised to see the market move towards this area before deciding whether to continue its downward trend.
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S&P Market Retesting Previous Highs |
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By Rick Vinecki
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April 03, 2012
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In today's pre-market prep video, we will take a look at the ES market. This market saw solid gains in trading yesterday, but was unable to move past previous highs that we reached last week. Only time will tell us if this market has reached a resistance area that it unable to break or if the trend will continue to push it higher.
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Rest Day Expected in the ES After Strong Move Upward |
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By Rick Vinecki
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March 27, 2012
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In today's pre-market prep video, we will take a look at the ES market. After having traded down towards our prior balance area last week, we saw a gap open in trading yesterday followed by a late day push up about previous highs. A rest day would not be unexpected today as this market looks to continue its recent up-trend.
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