Morning PEP Talk








YESTERDAY : The wash rinse repeat pattern we identified in the weekend Journal took advantage of a small inverse H&S and acquired it's target. We are now seeing some potential cup/handle consolidation. However there are two swing highs to take out just above, so we could continue to see range whipsaws. The market is holding up well thus far so it is offering opportunities in single names. See no reason to not believe our 2225 target in SPX will not be acquired at some point, so continue to be long biased and see dips as buying opportunities. 















All of the charts and commentary below are provided as information only and do not constitute a trade recommendation nor investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise


Morning PEP Talk











As noted in the weekend journal, we are watching to see how the market handles this bounce off of Friday's low. Do we see a wash rinse repeat pattern and bear trap back into the range?
Or does the market roll over here to the 214.46 target. 


With the larger bullish pattern targeting 2225, there is not enough price action evidence for me to be thinking aggressively short, but rather patience, looking for an area to add to longs. This is still consolidation on the path to higher prices based on what I am seeing in current price action.  










All of the charts and commentary below are provided as information only and do not constitute a trade recommendation nor investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise


Morning PEP Talk














Still in a range with a gap to fill at 216.40 and a potential double top risk to watch out for. That being said, as we chat here an hour before the market it's still a higher low in this range. In order to see this bigger risk play out, we need to see follow through not only below last weeks low, but all the below the gap fill. I highlighted a few scenarios we want to prepare for in last nights report as well. 











All of the charts and commentary below are provided as information only and do not constitute a trade recommendation nor investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise


Morning PEP Talk 8/24/29016



US FUTURES ARE UNCHED THIS AM. So technically nothing has changed. We'll watch to see if the cup/handle can trigger to take us closer to our 2225 SPX target or if another of the range low is in order hear. 
There continue to be great opportunities in individual names. Don't fight the tape. 


























All of the charts and commentary below are provided as information only and do not constitute a trade recommendation nor investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise


Morning PEP Talk 8/23/2016


All of the charts and commentary below are provided as information only and do not constitute a trade recommendation nor investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise

 

If you would like this report by email, please send an email to newsletter@higherlow.com

SUMMARY:






Futures are higher up this morning, which is putting pressure on the cautionary price action we have mentioned both in the weekend journal and yesterday's report. With bullish setup and uptrend still targeting 2225 on SPX and 222.33 on the SPY, the trend into that target remains in tact. 
While we must continue to keep our eyes peeled for distribution, the dips continue to be bought. Taking out last weeks high will negate the minor H&S top risk and very likely take us into our 222 target in the near future. For now we remain range bound in an longer term up trend. Don't fight the tape.






<1234>Showing 1-5 of 175 posts