Chipotle Mexican Grill ($CMG) has been an active mover for some time, most recently rallying from $127 to $154. However, bullish momentum seems to have dissipated at major resistance, which could spark another key sell-off in this stock. Here’s why..
The S&P 500 has been winding up the last two months in anticipation of a larger breakout move. Well, the time has come. While a breakout in any direction could be huge, two major technical patterns indicate the breakout will be to the upside. Here’s why…
Obviously, the first Friday of the month brings the Non-Farm Payroll number front and center. The market has been winding up for four days ahead of this key figure. The good news for us? It doesn’t matter what the number reveals, because a breakout in either direction could mean a 200 point move for the Dow.
The Dow Jones Industrial Average has experienced a wide range of price movement over the last two months of trading. However, the index now seems to be coiling up for a major breakout that could pave the way for a 1,000 point move. Here’s why..
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.
