The SP 500 Emini had a false breakout to upside today. Here is a post from April of this year that is posted in our media section at www.tradingliveonline.com, it is a short video that discusses false breakouts.
Failed Patterns can be huge trading opportunities…

I’ll be updating the blog again today with a new video update.

Have a great trading day!
Leslie Jouflas
www.tradingliveonline.com

The SP 50 Emini is close to completing the ABCD sell pattern, please review last blog post with video for areas.
http://www.instantpresenter.com/tradinglive/EF58D68680

Have a great trading week!

Leslie
www.tradingliveonline.com

The SP 500 has had an upside breakout from the previous areas 1122 - 1125 area. Please view the updated recording by clicking on the link below.

http://www.instantpresenter.com/tradinglive/EF58D68680

Have a great trading week!
Leslie
www.tradingliveonline.com

Here is a recording with charts showing some important areas to be watching in the next days/weeks in the SP 500 Emini

http://www.instantpresenter.com/tradinglive/EF57D88884

Have a great trading week!

Leslie Jouflas

www.tradingliveonline.com

Recently I watched the Movie 13 days which centers around the circumstances that occurred during the Cuban missile crisis of 1962.  While watching the Chaos unfold on Screen I wondered what it would have been like to live through that period. Ofcourse being a trader It didn’t take too long for me to become curious how the markets behaved during these hostile times as well.  In looking back at the daily chart of the Dow Jones during October 1962 there was a clear ABCD buy pattern that completed right at the climax of the Cuban missile crisis. This buy pattern, that completed just as people were hoarding food for their bomb shelters, was the beginning of a 3 year bull rally in the Stock market.  Traders that take the time to look back through market history will find that this is not an isolated event. Even during the most uncertain of political times the Markets continue to form repetitive patterns.

Kevin Riordan

SP 500 Emini Support areas

Yesterdays blog covered some resistance areas to be watching in the next coming days/weeks. The market had move up after holding the 1037 - 1039 support area.
Today the chart covers support areas to watch on retracements.
Look for trading patterns into these areas.
Have a great trading day!
Leslie Jouflas
www.tradingliveonline.com

SP 500 Emini held 1037 support area

The chart posted shows support and resistance areas to be watching over the next few days.
The SP 500 tested the 1037 support area a few times and has held. This is now important support to watch.
Above I have marked in a few resistance areas to keep an eye on.
For resistance, if the market trades strongly above 1064 - 1065.50 then the 1072.75 is also a resistance area to watch.
The DOW Index has held the Daily .618 retracement and the SP 500 Emini has also been holding this area, although it traded lower than the .618.
Today we will see a gap up open, watch for any signs of trend off the open.
Have a great trading day!
Leslie
www.tradingliveonline.com