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3x ETF A.M. Report 3.20 Thursday

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Not much to add to yesterday's commentary. We did make a moderate new uptrend high from last weeks lows yesterday, but pulling back some overnight/pre market Thursday

Bitcoin rallied nicely high of 87,800 now around 85,200 pulling back some. BITX recovering and I'm pretty bullish intermediately here on…

ES Morning Report and Trade Update 3.20

 
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Trading:  June Contract ESM5

Notes today are based on March contract pricing but we will switch to June contract trading as of today

 ES Hit 5720 upside highs , about 200 points rally so far off the 5520 lows. Roughly a 31% fib related retracement (In…

3x ETF A.M. Report 3.19 Wednesday

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Light rally so far off the smash down C or 3rd wave lows last week.  ES (SP 500 Futures) 5520 lows to 5707 rally highs is not bad, can still stretch a bit higher yet but needs to push here soon. Yesterday we hit 5707 overnight and then…

ES Morning Report 2- Errors fixed

 
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Trading:  March Contract ESH5


ERROR UPDATE:  5630 area for March contract, sorry I had quoted the June contract in the first report

Still a light bounce rally after a dramatic C or 3 wave down.  Still potential for more downside in the interim period ahead as…

ES Morning Report and Trade Update 3.19

 
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Trading:  March Contract ESH5

5630 protective stop hits, 5606 low after that.  50 point win or 80 points if you took the profits as mentioned early yesterday morning as another option


5680's as of 830am EST Wednesday

Still a light bounce rally after a dramatic C…

3x ETF A.M. Report 3.18 Tuesday

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Markets hit a high of 5707 on ES From 5520 lows last week. Our ES service went long at 5580 late last week, still holding with stops moving higher.

SOXL rallied as projected yesterday past my SELL 20.75 Target.  From $18.30 average (Some of you lower) we profited…

ES Morning Report and Trade Update 3.18

 
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Trading:  March Contract ESH5

Action: Move Stop to 5630 from 5580 break even (3/18)

We hit 5707 highs from 5580 entry over last 24 hours, now settling a bit at 5662. Some pullback here which is a little steep.

Move stop to 5630 and or take…

3x ETF A.M. Report 3.17 Monday

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Fridays notes for reference:
5512 the new low from 6160 highs overnight, now 5580 up on a bounce this morning

5560 is now key support and 5760 is upper end resistance, see my chart.

At this point the wave C or 3 from the December/Feb highs is extended at…

ES Morning Report and Trade Update 3.17

 
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Trading:  March Contract ESH5

Action: Move stop to 5580

5630's 845am EST Monday

We are long from 5580 area with 5740 PROFIT TAKING Target and 5560 stop

I will adjust stop now to 5580 Break Even

General market thoughts are a likely wave 3 completed at…

3x ETF A.M. Report 3.14 Friday

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5512 the new low from 6160 highs overnight, now 5580 up on a bounce this morning

5560 is now key support and 5760 is upper end resistance, see my chart.

At this point the wave C or 3 from the December/Feb highs is extended at 185% of the length…

ES Morning Report 3.14 Friday

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Trading:  March Contract ESH5

5580's, low 5512 overnight

We are bouncing in early trade ahead of market open

5760 area on a bounce still a target zone here

The 3rd wave or Wave 3 has now extended to 185% of Wave 1 or A (See…

ES Morning Report and Trade Update

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Trading:  March Contract ESH5

Trade Alert from 3/12:

Long ES at market, add at 5620, Target 5770 to sell
Stop 5560 will adjust   

5600 range this morning, 5560 is the stop on our open trade



 




 

 




 

 


 

 


 
 

3x ETF A.M. Report 3.13

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Market Notes:   5600 area for ES on Thursday 915 am EST

In a small flat base pattern here for SP 500, has not really got up and ran yet so key to watch is 5560 area to hold in my opinion

ES 4 hour chart

Notes for reference repeated…

3x ETF Alert 3.12 SOXL

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SOXL-

SOX has possible triple bottomed or close with yesterdays lows

SOXL if you took it stopped out fast yesterday, we will re-enter today

SOXL Alert- $18.55

Max entry 18.75 add to 17.90 on Dips
Stop 16.90 Near Close
Target 22.80 plus
 

 

Max entry…

3x ETF A.M. Report 3.12

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Market Notes:   

Slightly lower move yesterday to 5535 from 5560's overnight lows the night before.  Now at 5640's... so again the 5560 zone is normally where we a get a retracement upwards, and POSSIBLY one more leg down yet after that

I see 5780 from 5535 as a…

ES Morning Report and Trade Alert 3.12

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Trading:  March Contract ESH5
   

5535 the low so far, a snap to 5670 on the CPI report this morning, 5640's now.

The rally to 5780 is likely from here

Trade Alert:

Long ES at market, add at 5620, Target 5770 to sell
Stop…

3x ETF Alert 3.11.25 Aggressive

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This is for aggressive traders only, but could work out nicely with a clear downside risk and upside potential equation

SOXL-

SOX has possible triple bottomed or close with yesterdays lows

If so, a normal bounce rally targets 27% upside from $18 area on SOXL ETF

Risk…

3x ETF A.M. Report 3.11

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Market Notes:   

 "From the ES Alerts service this morning"

Market was completing 5 waves up from 3400's back in December as I had mapped out, we then tumbled hard, bounced back to test the highs... and now we are seeing the wave 3 or wave C (1-2-3, or…

ES Morning Report and Trade Notes 3.11

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Trading:  March Contract ESH5

5634 zone, low 5560's overnight. 

The 5560 area turns out to be a LARGER fibonacci wave down than the 5640-5660 zone. This is also within normal movements as it's nearly exactly 161.8% of the First leg down from the December highs…

3x ETF A.M. Report 3.10

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Market Notes:     New lows of the down cycle at 5675 futures overnight, from 6160 highs a few weeks ago.  I have been telling ES members to watch for 5640-5680 since last Wednesday, we may try a scalp long in this lower zone.

Did not add anything last Friday…