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
By Elliott Wave International
It's the start of the winter holidays -- which, if your family is anything like mine, is also the beginning of a long tradition of deeply regrettable line-crossing, i.e.:
In these cases, crossing "the line" is the first step down a proverbial mine field of emotional and physical discomfort. And there's no going back!
But in the world of technical analysis of financial markets, crossing one kind of line is often the first step to identifying a high-confidence trade set-up. The line I'm talking about is the trendline. Continue reading "Traders and Trendlines: A Match Made In Opportunity Heaven"
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
Todd Gordon of TradingAnalysis.com takes a look at the SPY in today's market analysis.
The S&P 500 tracking stock SPY failed against Fibonacci resistance as expected and has bounced back into wave II resistance. We are net long in our portfolios, but seriously considering exiting and taking a low risk short against wave and Fib resistance. In the end, you can't know for sure what the future holds, only choose the most likely path with the lowest risk.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
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