From the PivotBoss Premium Trading Room on April 1, 2016, we analyze the futures market, including the E-Mini S&P 500 and Crude Oil, using concepts like Key Range Analysis and Volume Profiling. We also scan for stock opportunities, while discussing PivotBoss Pivots, PivotBoss ADR Targets, and entry and trade management techniques.
The PB ADR Narrow Range scan brought this opportunity to my eye. BRCD has traded just 51% (.39) of its average 4-day range of .76, which implies significant expansion could be ahead. Price is sitting on support at 10.80. Bulls want to defend 10.80 for a return to 11.90 and 12.90. Failure to hold 10.80 opens up a move into 8.90 – 9.00.
With a current six-day range of just 60 points, the NQ is likely to see expansion soon. The battle line to watch is 4179.75. 60-Point Range The E-Mini NASDAQ 100 …
The E-Mini S&P 500 endured a bit of a roller coaster day, as the release of the FOMC Meeting minutes led to some great volatility and big price swings. The ES initially sold off after the release, but buy programs kicked in 2 ticks above an unfilled gap at 1635.75, which sparked a rally of 18.50 points over the next 40 minutes.
While I typically write forward-looking commentary and analysis, I wanted to write a piece that showed the anatomy of a trade in 5 simple steps, essentially tying together all the various aspects of the education that I teach. Here’s more…
