Seeing that ES had reached 1278, the first identified support level below pivot, we alerted members of a possible change in direction for the next intraday swing. The upward move from 1278 provided five ES points.
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 January 6, 2011This morning in the chat room, we noted that a new ES high at 1274.50 coincided with a zero-test on the advance/decline index. This alerted us to a potential shorting opportunity. The market then produced a rapid decline of eight points. January 4, 2011This morning, we stated that bulls would want yesterday’s opening low to hold and 1270.50 to be recovered. Below 1263 exposed another level we identified, 1258, where we expected dip buyers to come in (and they did). September 14, 2010Although the indexes are reaching areas of potential resistance, we noted at the end of Monday that we did not yet see an ending Elliott Wave pattern in the S&P. Instead, we were looking for a pullback to an area of previous support, to be followed by a higher high. This made for a nice intraday long trade on Tuesday that netted more than ten ES points (more than $500 per futures contract traded). We also noted in chat during the Tuesday morning session that the 1115-1116 ES area was likely to serve as support if retested later in the . . . → Read More September 1, 2010Wednesday gave us a massive move upward in the equities indexes – a move that Trading da Numbers (TdN) members were prepared for well in advance. After noting on Tuesday that S&P / ES prices failed to make a lower low, and after seeing a potentially bullish Elliott Wave count based on reactions to our predicted support levels (shown in the attached chart that was provided to members on Tuesday), we warned members of the impending rally. Anyone who was short from Tuesday was trapped as bulls pushed price above successive resistance levels in the 1050-1080 range. Moreover, today’s run . . . → Read More July 17, 2010The price action in the e-mini SP500 futures on June 16 began to selloff after the cash close. We at Trading da Numbas warned our membership to not get too excited about this and wait till today. This turned out to be good advice as any early short was likely to get stopped out in the rise of early morning globex trade today June 17th. When the news hit at 8:30am this morning we were ready to capitalize on the opportunity and subsequently were warning of support into 11:00am eastern. Looking for shorting opportunity later in the day would be . . . → Read More July 12, 2010Early morning had the Dow push into a 61.8% retracement of June 21st high to July 2nd low. This resulted in some brief selling that was unable to break a support range in the ES (E-mini SP500 futures) that was carved out in globex trade 1065.50. At the time of this post, 1:45pm eastern, indexes are recovering from the morning weakness and approaching the overhead resist which is the aforementioned 62% retracement and the gap that was left in the NQ’s. There is still some opportunity for a bit more selling to come in later today as the lower highs . . . → Read More June 22, 2010
This morning, the S&P opened nearly unchanged from yesterday, and price promptly rose to test the important pivot level of 1114, whereupon it was rejected soundly. It then underwent consolidation through the morning and lunch hour before breaking through the important 1105 level. As with other days, loss of support resulted in acceleration downward. Subsequent support levels were broken and became resistance, offering several entries for short positions to ride into market close. In a different vein, the Market Trend Indicator for crude oil futures provided advance warning of another great shorting opportunity. In the charts below, see how the . . . → Read More May 18, 2010On Friday, (and in the weekend update), we identified 1148 es as key resistance above. On Monday and Tuesday, the market rallied and reached this level today before reversing sharply. Then it was only a matter of losing the 1139-40 area, and the downtrend resumed for sizable gains. Our real-time guidance in the chat room further elaborated on these key levels: 09:32 AM [jayp] 1143.75 is weekly pivot and 1145.50 is R1 ; above 1148.20 is gap 09:36 AM [yahoogle] loss of 39-40 would suggest gap-up can’t be sustained . . . → Read More May 17, 2010At Trading Da Numbas (TdN) our chat room and Intraday commentary forum members had been made aware from the Market Low’s on ES today (17th May 2010) to be wary and what to look out for. Below are some of the commentary provided in real-time. jayp 12:02:19 Weekly S1 test jayp 12:07:11 Daily S2 is at 1,111.75 jayp 12:43:59 tested globex low as resistance jayp 12:44:39 above requires recovery of S1 and conversion as support jayp 13:26:20 dongelo yes . . . → Read More |
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