Mark's Basic Stock Market Analysis Video 5/18/14

Global Capital Market Analysis and Commentary - Technical Analysis - Trading Methodology and Technique Link to HSM Weekly Trading Log Thread

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S&P 500 Emini futures coach intraday oct 3 trading education

Sept. 3 S&P 500 emini futures daily chart after hours

We are very propped up the Fed gave us a very light reading on the market. There is so much going on from Credit, inability of lenders to lend because of underwriting and we are going into the worst part of the Real Estate Market sales season.

Oil is loosing its catalyst of market movement, we shall see some large energy funds close out and give their investors a little money bank.

We are in a very tight trade channel, and when it successfully breaks out it we could see some very violent moves.

Oil looks like it is at a low so we shall see.

Dollar is also holding its strength.

S&P 500 Emini aug 27 daily chart

Aug 15 Daily Chart SP500 Emini

Aug 7 hourly with levels and targets S&P 500

Looks like the market is following the trend, 92 will be the key.

Levels are posted. Could we be getting the spring to take out the previosly posted open gap at 1335. We shall see.

For all the news that hit the market today the reaction was quite mild.

Aug 6 S&P 500 showing gaps and S&R futures emini

This is a longer term chart showing a 50 % retracement target to 1335, this is exactly where we have an open gap that has not been filled.

We also have some downside open gaps that have not been filled.

1340 is the 200 MA on the monthly chart also.

we have opportunities in both direction.

This chart is showing a few open Gaps. The one that is changing my perspecitve is at 1335 area.[9:35:53 AM] Brightstone (Joel) says: This looks to me as a set up for an investor trap. Considering this is pre election, and with the movements in currency dollar strength, Oil price decreases and the smoothing over of the subprime crisis and bank failures, this new target seems completely reasonable to me. This is sort of a bull trap. I noticed that my short bias has influenced my trading and was searching for a way to leverage sentiment and this was staring me in the face. The 50% retracement is also at the 1335 area. The pattern is an ascending triangle with accumulation. The aggressive buyers outnumbering sellers since the temporary bottom has been put in.

If it completed to 35, we would have an ascending wedge.....I will be watching volume too. I can't imagine a 3 million volume upmove day like 7 - 16 to push us through.

Aug 4 S&P 500 5 min chart

Quite a choppy day we had on the S&P 500, a few breakouts.

FOMC meeting tomorrow so could be a slow morning as the traders wait for no announcement.

Alot is going on in Europe, they are showing signs of inflation and their un official unemployment is running in to the 10's+.