S&P 500 Stock Index: Intraday Trading Signals Using the 'Fibonacci Trends' approach.
The S&P 500 had a pull-back during Thursday's trading. Prices brought us to a reversal in trend signal to exit our previous hypothetical SHORT trade for a profit potential of $3,750 USD for a 1-day trade. We also entered LONG on the same signal as this is the preferred and Major Trend for this market.
What comes next for CRUDE OIL? We are LONG the S&P on on Thursday's signal and have a reversal price at 2895. It will take a closing price below $2895, (with most of it's hourly range below this price), to persuade that the present short-term uptrend was over. Until then, stay with the trend for higher prices in the S&P 500 Stock Index.
Performance figures contained herein are hypothetical, unaudited and prepared by WDGann-Lost-Secrets.com; hypothetical results are intended for illustrative purposes only. Past performance is not indicative of future results, which may vary. There is a risk of substantial loss associated with trading stocks, commodities, futures, options and other financial instruments. Full disclosures here.
CRUDE OIL Intraday Trading Signals Using the 'Fibonacci Trends' approach.
CRUDE OIL continued it's trend from yesterday's trading. We came close to the reversal price, but, did not penetrate it, further confirming the upside price potential for Crude Oil.
What comes next for CRUDE? We advanced our Stop by $250 and, remember that the same technique that brought us here is still in play potentially yielding over $1,900 USD in profits since the original BUY signal yesterday. It would take a closing price below $69.75, (with most of it's hourly range below this price), to persuade that the present short-term uptrend was over. Until then, stay with the trend for higher prices in CRUDE OIL.
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And, now let's look at our GOLD signals on the very short-term (intra-day-to-next day) trends.
The 'Fibonacci Trends' Method gave us a Short entry signal entry signal around 11 P.M. last evening. This trend has continued through today up until the time of this posting. There is another potential Short signal present at the $1205 price level. As mentioned earlier, the previous Short trade gave a hypothetical $1,000 profit potential. At present, the hypothetical profit potential for this latest trade is at $500 and counting.
Performance figures contained herein are hypothetical, unaudited and prepared by WDGann-Lost-Secrets.com; hypothetical results are intended for illustrative purposes only. Past performance is not indicative of future results, which may vary. There is a risk of substantial loss associated with trading stocks, commodities, futures, options and other financial instruments. Full disclosures here.
GOLD Intra-day Trading Signals Using the 'Fibonacci Trends' approach.
What comes next for GOLD? The SHORT entry side is holding until the time of this posting. Further confirmation will come if prices drop below $1205 USD. A reversal point to the upside is hovering close by at around $1208. Remember: The Major Trend is DOWN, so, lower prices shouldn't alarm you, but, should be expected as part of the price process. Be ready. - George
