TMV Swing Trade report – Long March Wheat from $6.58 – Wheat prices surged out of the bullish reaction swing and are quickly approaching the the target objective where the upward sloping median line intersects the down sloping reaction line. I look for the market to pause at this level and possibly pullback. Therefore, I [...]
Swing Trade market alert. – Short March Coffee has reached target objective!
TMV Swing Trade report – Short March Coffee from 223.10 – Coffee broke support and traded sharply lower into the downward sloping median line (basis the 60-minute chart). I look fro the market to bounce off the median line and offer a second selling opportunity. Therefore, I recommend covering the current short position at 219.25 [...]
Reversal dates for the week of January 9 through January 13.
Monday – Crude oil, Heating oil, Dow Jones Tuesday – Wednesday – Bean oil Thursday – Lean Hogs Friday – Live Cattle, Wheat, Gold, Copper, Rice
Market alert – Update on long February Crude oil.
TMV Swing Trade report – Long February Crude oil from 101.80 – The longer-term cycle remains bullish, but I see a bearish TR pattern forming on the intra-day 60-minute chart. I recommend exiting the long position and look to re-enter on a pullback below 100.00.
Market update – Long March Coffee surges to median line target objective!
TMV Swing Trade report – Long March Coffee from 223.05 – Coffee broke out of the bullish reaction swing, I discussed in the last update, and surged to 229.30 where it ran into resistance at the upward sloping median line (basis the 60-minute chart). The median line can be used as a short-term target objective. [...]
Market update – Long March Corn hits target objective! – median line, reversal dates, swing trading strategies
TMV Swing Trade report – Long March Corn from $5.96 1/2 – Hit the Target! – Corn surged higher today and reached the target objective to close the long position at $6.35. This trade recommendation is a good example of how a market can react after a swing pattern failure. If you are a regular [...]
Market update – Long February Cattle reach target objective!
TMV Swing Trade Report – Long Feb Cattle @ 119.52 – Hit the Target! – Cattle confirmed the new reaction swing as it surged into the median line and the project target. I will wait to see the price action at the median line to see if a new swing trade opportunity develops. John Crane
Swing Trade Update – The Short February Gold is has reached the target objective!
TMV Swing Trade report – February Gold – short from $1705.00 – current price @ $1662.50 – Heavy overseas selling pushed the Gold through the $1705.00 trigger price to enter the short position. Looking at the 60-minute chart. Gold has reached the time and price target objective. (Target objective is where the reaction line intersects [...]
Market Alert! – Short Crude oil has reached first target objective!
TMV Swing Trade report – Short January Crude oil from 99.50 – The market has experienced a sharp price decline and is currently testing the downward sloping median line and the reaction line (basis the 60-minute chart). The market is overextended and primed for a corrective rebound. I recommend exiting the short position and waiting for a [...]
Using Median lines and reversal dates to identify high probability target objectives.
This daily chart of the September S&P offers great example of median lines in action and the benefits of understand price action. Dr. Alan Andrews stated that the market will move towards the latest median line. The median line acts as a target objective where the market should stall or reverse directions. Median line can [...]