The E-Mini S&P 500 futures contract has been range-bound the last three weeks and could be ready to pop. Price has coiled significantly, forming a rare pattern in the process – one that forecasts a major breakout ahead! Check it out..
Crude Oil is currently in a holding pattern, but could see a breakout soon – one that could move the market about 4 points. Here’s why..
Yesterday I wrote that we could see a major breakout opportunity in the Dow Jones Industrial Average today – and we were rewarded with a beautiful 268 point move! Since I gave you my analysis for forecasting today’s breakout, I wanted to follow that up with how I traded the setup, essentially giving you the anatomy of today’s winning trade.
After last week’s price action, the Dow Jones Industrial Average has strung together two sessions of yawn-inducing trading activity. However, the Dow could be on the verge of a major breakout opportunity. I’ve got three reasons why.
I’ll be watching energy commodities for a major breakout opportunity in tomorrow’s market – and you should too!
