Trading Room

Global Interaction

Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!

Learn More
Mike Paulenoff

ES In Bearish Triangle Formation

Thu Apr 24th 2025
Good Thursday Morning, MPTraders!  April 24, 2025-- Pre-Market Update: For today's trading, potentially directional POTUS Tariff Headlines and the Technical Setup!  -- President Trump is scheduled to speak between 12 and 1 PM ET, elevating headline risks... -- From a technical perspective, the most salient feature of today's market action will be the juxtaposition of ES versus its 20 DMA. Yesterday, ES climbed as much as 60 points and 1.4% above the 20 DMA, but managed to CLOSE 20 points below the 20 DMA, which preserved the dominant nearer-term downtrend (see my attached Daily ES Chart).

Getting Closer - Market Analysis for Apr 24th, 2025

Thu Apr 24th 2025
With the market just barely holding the pivot on the SPX chart, it did break below it in the overnight session in the futures.  So, it did put into question whether the market intended to head directly higher in the red count.  This far, I have to still keep that as the primary count.  It would take a break down below yesterday’s low to suggest otherwise.For now, I would like to see the market rally to the target box for wave v of 3.

Revealing Hidden Market Turns Through Advanced Fibonacci Mapping

Thu Apr 24th 2025
I want to share an introduction to advanced Fibonacci time and price analysis and explain why it has been such a critical tool in my own trading journey. Over the years, I’ve found it invaluable for identifying potential turning points in the market, allowing me to define my risk clearly and fine-tune the timing of my entries and exits. Rather than relying solely on indicators or guesswork, I measure prior swings in price and project key Fibonacci ratios forward, so I can look for clusters of support or resistance where price might stall or reverse.

Round-The-Clock Expertise

Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!

Learn More
Stacked Charts

Wide Recognition

Our Free Educational Presentations & Articles Reach Audiences Across Scores of Sites!

Learn More

Our Distribution

Market Watch
Forbes
The Street
Seeking Alpha
NASDAQ
Comtex
MoneyShow

 
  Matched “”
x