Welcome to the video update for Monday’s trading. Trader Rick starts with the weekly eurostoxx 50 chart. Price is in the buy zone and may be forming a slingshot. A weekly close above 2366 will be the trigger to reconsider the upside. See what the MACD is telling us.
On the weekly Canada chart we continue looking for the dragon pattern. Trader Rick shows what is needed on a weekly basis to trigger an entry. Watch the MACD fast line for a signal.
In crude, the weekly chart is in the buy zone so keep an eye on this. The daily chart had a measured move and the target was reached late last week. Price traded outside the lower keltner band all of last week, indicating the momentum to the downside is currently strong.
In the euro, Trader Rick brings you up to date on the weekly chart. Price put in another doji last week, indicating hesitation. Note where support comes in.
Bond traders should check out the weekly chart in this video update. Price is in the sell zone! Trader Rick goes over a 3x trend method setup on the 4500 volume bond chart. Check it out.
Next up is the NQ weekly chart which has a common pattern possibly forming. Support and target is given.
Wrapping up the video update is a Dow daily chart and a weekly ES chart. ES broke important support last week. See what Trader Rick is looking at this next week.
Good Trading!
[flashvideo width=550 height=413 filename=http://videoupdates09.s3.amazonaws.com/videonewsl071209/videonewsl071209.flv /]
Leave A Reply (No comments So Far)
No comments yet