The ES played extremely well off our Action Levels yesterday, as two decent sell opportunties led to moves of 12 and 9 points. Given yesterday’s relatively quiet trading day, we could see another explosive breakout/trend day upon us. Let’s take a look at the levels to watch for today’s trading.
United States Natural Gas Fund ($UNG) has traded within an extremely tight range over the last two to three days, paving the way for potentially big breakout opportunity. Let’s take a look!
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.
Pivot Width Analysis is one of my favorite forms of analysis because it’s simple and it works. This article is Part 2 of a three part series that will take a look at how I use pivot width analysis to forecast price behavior.
The Market Profile™ (MP) offers an amazing way to analyze and trade the market. Understanding this powerful form of analysis can go a long way toward making you a better trader. However, reading and deciphering the information in its current format falls somewhere between complex and dense for the uninitiated trader. No worries. I’ll show you how I simplify MP so you can process the most pertinent information and incorporate it in your trading.
