Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Trading Plan for 3/5 – If, Then… Market Timing

Trading Plan for 3/5

By Rod David | March 4, 2015 - 4:50 pm

If Wednesday”s drop is confirmed… then the recent topping pattern shouldn”t take very long or fall very deeply before ending. But it”s still a multi-session decline. Rejecting Wednesday”s drop could instead continue forming a much bigger top.

Pattern points… (Setups and technicals)
Wednesday”s break under last week”s lows must be rejected by gapping up sharply at Thursday”s open, or else the week-old topping pattern will have rolled over already.

Gapping up above Wednesday”s 2099.75 post-open high wouldn”t be credible for reversing momentum up. Gapping up only to test Tuesday”s late “higher prior lows” at 2103.00-2104.00 wouldn”t be very credible either. Gapping up to and through 2108.00 would be optimal for reversing momentum up sufficiently to retest last Wednesday”s 2117.75 high.

Not rejecting Wednesday”s break would be vulnerable to confirming it, closing under its 2085.25 low. Oversold RSIs there want to be retested, and don”t offer much support to produce a recovery. The decline”s next major target would be 2060.00-2065.00.

What”s Next… (Outlook and opportunities)
I want to schedule a couple of overview webinars, for new subscribers and seasoned subscribers. We”ll examine concepts like the Bias Parameters, RSI retests, and Timing Windows. And we”ll discuss tactics like Reaction entries and Setting stops. Please comment on this blog post at least two preferences for day and time that would be convenient for you to attend… Here are a couple of links to review meanwhile:
Entry parameter video, 3x3x4 Decision Matrix.

Posted in Market Wrap, S&P