Easy Afternoon Breakout Trade

SPX was in a consolidating pennant which started breaking lower this afternoon. There was a near perfect afternoon breakout that lead the market lower. Recent Related Articles Trading Options Gives You Options by John Osborn | May 16, 2019 | articles | 0 Comments Not,...

Current Setup in ES

https://youtu.be/2uXH1gWicJ0Today we discuss the current setup we are watching in the S&P E-mini futures (ES) contract. We are trading inside a channel on the 120min price chart and we will be watching for a breakout today or tomorrow.  Recent Related Articles...

XLE Bearish Price Targets

XLE is the S&P Select Energy SPDR ETF, and yesterday it broke support on a month long consolidation channel. I’d look for XLE to fall first to $60, then down to $58, and then just below $54, matching the December 26th low of last year. Recent Related...