See FAQ for more explanations on terms, labels and abbreviations that we use. Below is a time-delayed excerpt from our live updates for members. Updates 12:20 PM EST - Monday 7/6/20 Short Term Trades TZA turned out to be a terrific trade this morning. It retested 20.17 right after our 9:41 AM alert. TZA rose all the way to 21.2. This was a highly profitable move for members who day traded. But it is also part of a bigger-picture move for those who trade short-term swings. Updates 9:41 AM EST - Monday 7/6/20 Short Term Trades Our signal predicted the bearish reversal, and it is happening for $RUT IWM.
Updates 9:18 AM EST - Monday 7/6/20 Short Term Trades In yesterday's weekend analysis, we share with you this key information below. We are repeating it here for emphasis, because the signals are happening. Here is the bearish combination of signals that we are monitoring for.
And yes, we just observed this bearish combination of signals pre-market.
This is an indication to tighten stop or take profit with your Bounce8 $SPX $NDX positions. This is also a low-risk setup to test TZA near 18.8 if you use a tight stop. Here's a comment from one of our members who successful day traded using our signal at the start of Monday 7/6/20. SUBSCRIBE now and take advantage of our introductory low rate of just $39/month. You get full analysis and signals in advance of your trading day. You also get live intraday signal updates. And you can cancel at any time.
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See FAQ for more explanations on terms, labels and abbreviations that we use. Below is an excerpt from our in-depth weekend analysis for members. Updates 2:34 PM EST - Sunday 7/5/20 Long Term Portfolio and Medium Term Trades The main message from $SPX $NDX IWM is this.
This does not bode well for the continued strength of the bear market rally. But it will take some transition time before Dive2 arrives. The key date to monitor for the near future is FOMC announcement on July 31. Let's drill down into the signals. Market Internals The overall message from market internals is that there is a bearish divergence brewing for multiple indicators. Market breadth: Bounce8 started on 6/29, and between 6/29 and 7/2, NYSE and Nasdaq stocks have been having mostly net advancing days. However, even though this is the case, the cumulative readings for NYSE and Nasdaq A/D are down. This is a bearish divergence. Additionally, Nasdaq stocks are exhibiting the bearish divergence patterns that showed up before between August and October 2018, and January and February this year. Percentage of stocks above their 200-day MA:
Equity put/call ratio: This ratio is in neutral territory right now, so it is hard to call. Volume:
The rest of this post covers Volatility Short Term Support & Resistance Zones 5-minute Chart Thrust Counts Important Hourly Chart Patterns Short Term Trade Setups SUBSCRIBE now and take advantage of our introductory low rate of just $39/month. You get full analysis and signals in advance of your trading day. You also get live intraday signal updates. And you can cancel at any time. See FAQ for more explanations on terms, labels and abbreviations that we use. Below is a time-delayed excerpt from our live updates for members. Updates 9:22 AM EST - Thursday 7/2/20 Short Term Unexpectedly strong job report pushes $SPX $NDX IWM up pre-market. $VIX has gapped down big early this morning, but it then reversed sharply pre-market. Overnight $VIX dropped from 28.4 to 25.9, but has reversed sharply upward to 26.9. $VIX is definitely on the move up, but its actions may not get reflected in price immediately. This kind of bearish divergence can last for days. Snapback to green zone has to happen in order for the next thrust to form by definition. Otherwise the current thrust will get extended for another day, but obviously a thrust doesn't go on forever. We will be tracking $VIX and the snapback to the green zone today. Please remember that this is simply a snapback to a shallow zone of support. It is not the end of Bounce8. It is not the start of Dive2. Updates 9:45 AM EST - Thursday 7/2/20 Short Term Updated green zones of shallow support: $SPX: 3102 to 3128 $NDX: 10276 to 10319 IWM: 142.5 to 143.4 It is not a guarantee that $SPX $NDX IWM will snap back to the green zone today. But if they do dip a bit today, the green zone is where they are likely to dip into. Updates 11:12 AM EST - Thursday 7/2/20 Short Term Recall we said $VIX gapped down big this morning but reversed upward sharply. $VIX is persisting with this formation. The message from $VIX is it's intending to rise some more. Our members base their trading plans on our nightly analysis and projections, along with timely intraday calls. Some have been collecting 10% to 15% profits per week. SUBSCRIBE now to get our signals in advance of your trading day. Get live trade updates and take advantage of our introductory low rate of just $39/month. You can cancel at any time. |
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