The S&P rallied a jaw-dropping 60 points during Wednesday's session and left many traders wondering if the lows are in? Using eSignal software, I dive into the price action and outline the exact boundaries that should contain this "recovery."
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
I pulled some of that Fibonacci voodoo that we do on Apple and if the uptrend support does break around $96, Apple is headed into the lower 80's.
I did a video for CNBC.com and they tore me to shreds in the comments section. The last time I got this kind of reaction was when I said oil is headed towards $26.00 while trading $41 at the time.
From there we take a look at our options positions in the S&P and AMZN.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Volatility is exploding in the markets setting up a major short squeeze in gold. We've identified a key Elliott Wave and Fibonacci support zone that's being used as a launch ramp. We put together an interesting option play that will protect us from the downside with a small profit, but yield a major profit on a rip higher.
Let Todd Gordon of TradingAnalysis.com take you through his plan for the gold.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
The crude oil rally has been really quite pathetic suggesting a move into the lower Fibonacci support zone is likely. We're trading it through XLE with confirmation from the US Dollar. Plus, we uncover how to trade trend reversals using Elliott Wave.
Let Todd Gordon of TradingAnalysis.com take you through his plan for the crude oil.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Trading is just like a battle; you never go in with just plan A. You always have a contingency plan and many times it's that backup plan that ultimately gives you the victory.
Let Todd Gordon of TradingAnalysis.com take you through his plan for the S&P 500.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
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