Proven Day Trading Signals from Viditrade - 06-22-2015

Proper context can start the day with a solid win and make all the difference.

CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)

Through the prior close...
Friday''s expiration session trended down through its opening 15 minutes, setting the session''s tone. Its gap open down to the 2111.00 area, broke lower into the noon hour, and trended down through the close. Wednesday''s air pocket above 2100.00 to above 2105.00 was retraced. A late sell signal triggered under 2103.50 and extended quickly to the afternoon''s lowest calculable target at 2097.25. The late bullish WedEX either inverted or invalidated.

Overnight action''s new info...
Despite no Greece deal over the weekend, Sunday night''s open gapped back up to 2103.50. Consolidating narrowly held Friday afternoon''s 2108.75 prior high. Rallying resumed before Europe''s opens, and extended to 2118.00. RSIs diverged negatively there and now a pullback is testing 2111.75 by a couple of ticks, taking RSIs oversold.

If, then...
The corrective bounce limit back to Thursday''s high is 2114.75-2116.25. Recovering it post-open would target a retest Thursday''s prior high. That happens to be only 3 points higher at 2119.25 in this pattern, and its room for noise isn''t much higher. But its recovery would imply much more than that, resuming last week''s rally targeting new highs. Having tested 2114.75-2116.25, reversing down from here would be credible for launching a new downleg triggered back under 2106.00 and targeting a retest last week''s lows under 2063.00. Two potential bullish setups this morning are the "session-long rally" which rejects the prior afternoon''s downtrending by gapping up above the prior afternoon''s high, and a more powerful rejection of Friday''s entire session by gapping up above its session highs.

First Trade...
Exiting the open at 9:45 above 2114.50 would be likely to renew the bias-up signal by also exceeding the 2111.75 bias-up target through 10:15. Exiting the open under 2109.00 would be unlikely to exceed the bias-up target and renew the bias-up signal.

Doubly-renewed bias-up on a session-long rally.

The opening 15 minutes maintained its gap up above Friday afternoon''s 2109.00 prior high, forming a "session-long rally" setup. Also maintained was the gap up above Friday''s entire pessimistic session. Rejecting its late plunge, its intraday downtrend, and its gap down is much more powerful.

In fact, the morning has trended up, probing last week''s high up to 2121.25. Each timing window of a session-long rally should probe its prior timing window high, with one exception. That''s usually the noon hour, which will soon come within view.

The 2121.00 area is credible for a near-term peak. So is the timing, and RSIs aren''t overbought. Back under 2118.50 would start to signal a corrective dip targeting 2114.50 and potentially 2111.75.

But until the 2120.00 pullback limit is violated, the trend remains up and targeting new highs above 2125.00.

MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2129.25
2121.00
...would target 2136.25
2128.25
Bias-down: under 2122.50
2114.50
...would target 2116.25
2108.00
Signal status: waiting LATE BIAS-DOWN FAQ INTRO VIDEOS #1 and #2 1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be "no-bias," and the bias signals should define the bias environment''s range.
-- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
-- "Late" signals don''t require testing the opposite bias signal, but it''s still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger "noN-bias," with no bias influence.

A daily summary of high-profile members of several complexes... View a more detailed discussion of each chart at the end of today''s Market Wrap.

Eurodollar Sep Contract (EC, ETF: (FXE, UUP))
The retest of Thursday''s 1.1414 gap up was fulfilled Sunday night, and again intraday Monday. Closing above 1.1455 would start to signal the rally is extending to 1.1635. Closing first back under 1.1295 would trigger a new downleg.

Gold Aug Contract (GC, ETF: (GLD))
Having never confirmed Thursday''s gap up Friday, Sunday night''s drop back under the 1197.00 sell signal extended down sharply intraday to attack 1181.50. Breaking under it and under 1179.00 would confirm a test of 1158.50 is in-play.

Silver Jul Contract (SI, ETF: (SLV))
The lower-end of the 16.15-16.35 resistance range was probed Monday, but only momentarily as the session essentially ranged around 16.15.

30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping up Friday and extending intraday to probe the prior highs above 151-25 was overly-optimistic despite Thursday having fulfilled any remaining downside attraction. Monday''s gap down to 150-22 and intraday slide filled the gap back down to Thursday''s 149-23 close. Closing back above 150-08 would signal that the recovery attempt was resuming.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Bouncing Sunday night to attack 60.70 resistance was retraced to spend Monday back within Friday''s narrow range around 59.75. Back above 60.70 would now qualify again as a buy signal, confirmed above 61.20.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Despite having recovered Friday from filling the gap back down to 2.74, Monday''s open gapped back down to range 1-2 cents under it through the morning. Back above 2.77 would now qualify again as a buy signal, confirmed above 2.83.