Proven Day Trading Signals from Viditrade - 06-23-2015

TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2129.25
2121.00
...would target 2136.25
2128.25
Bias-down: under 2121.50
2113.50
...would target 2116.25
2108.00
Signal status: NO-BIAS FAQ INTRO VIDEOS #1 and #2 1. At 10:15, 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 10:15 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 10:15 would invoke a grace period through 10:30 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 10:30 after invoking the grace period would trigger "noN-bias," with no bias influence.

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...
After having trended down into Friday''s close, Monday''s open formed a "session-long rally" setup by gapping up above Friday afternoon''s 2108.75 high. The minimum objective to retest last Thursday''s high was fulfilled by a late-morning probe above it around 2121.00. That was a likely spot for correcting, and the noon hour attacked 2112.00. Although a "session-long rally" normally would resume rallying, Tuesday afternoon only ranged choppily sideways.

Overnight action''s new info...
Monday''s post-close dip to a fresh low attacking 2111.25 had reacted back up aggressively. That extended through the Globex open, attacking 2121.00 to within 2 ticks. Its 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} retracement down to 2115.00 is now retesting 2117.50.

If, then...
Did yesterday''s "session-long rally" fall and can''t get up, or is it just resting? Probably resting, since the morning''s rally didn''t invert during the afternoon. More so now, since overnight action has only firmed. But the next trending attempt is caught between two influences. One is that the rest can''t continue indefinitely without launching at least a temporary intraday drop. The other influence is that not yet resuming the rally pre-open would undermine a later attempt. So, gapping up -- preferably above 2121.00 or quickly through it -- would be credible for extending higher. But not gapping up would make any post-open sell-off likely to extend down.

First Trade...
Exiting the open at 9:45 above 2118.50-2119.25 would be unlikely to trigger the 2113.50 bias-down signal at 10:15, and likely at least to test the 2121.00 bias-up signal. Exiting the open above 2122.75 would be likely also to trigger the 2121.00 bias-up signal at 10:15. Exiting the open under 2112.00 would be likely to trigger the 2113.50 bias-down at 10:15.

Gap up extends too slowly to be reliable.

Buyers gained on traction for their effort yesterday. So, gapping up and extending higher through the open was the only durable path up.

Tuesday''s gap up to yesterday afternoon''s 2117.50 high ranged sideways into the top of the hour. Breaking higher to 2120.25 can''t seem to get away from the first half hour''s range.

This action doesn''t qualify as extending higher.

A rally effort could still probe higher, but only temporarily. This morning''s 2121.00 bias-up signal was attacked to within 3 ticks, but not touched. And it''s too late to trigger, so its test is otherwise irrelevant. Exceeding it through 10:30 would invalidate that it had held, but this morning is otherwise noise.

TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2124.25
2116.00
...would target 2129.25
2121.00
Bias-down: under 2116.50
2108.25
...would target 2111.50
2103.25
Signal status: NO-BIAS 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))
Monday fulfilled the last remaining upside attraction by retesting 1.1414 -- both overnight and post-open. The resolution was not immediate, but it was substantial, as Tuesday''s open gapped down sharply to 1.1214. The session did not trend down, so bounces should be shallow before extending the break, preferably no higher than 1.1250-1.1275.

Gold Aug Contract (GC, ETF: (GLD))
Monday''s steep drop to test 1183.70 support extended down Tuesday morning to attack the next relevant support at 1175.00. Despite it holding, the second consecutive lower close did confirm Monday''s breakout. The next lower objective is 1158.50.

Silver Jul Contract (SI, ETF: (SLV))
Tuesday''s break lower to test 15.70 is a breakout. Follow-through Wednesday is likely, but not necessarily a second consecutive confirming lower close. Confirmation would be credible, but we''ll be monitoring for any signs of recovery.

30-year Treasury Sep Contract (US, ETF: (TLT))
Filling the gap Monday back down to Thursday''s close without reacting up had made a fresh low likely. Tuesday''s gap down initially extended lower to test 148-08. Recovering back above 148-20 nearly filled the gap back to Monday''s 149-24 close. That slight pessimism might be enough to trust early strength above 150-08 for extending higher. Closing back above under 148-20 would instead signal a new downleg underway.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday''s late surge had stopped short of attacking 60.70 and was retraced overnight to 59.55 after Tuesday''s open. But another surge probed 60.70 and tested the 61.20 buy signal. EIA reports Wednesday morning.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
.Gapping up Tuesday above 2.77 began to signal that Monday''s narrow ranging at prior lows had not gained traction. Closing above the 2.77 buy signal was another matter, as the balance of the session dipped back down to Monday''s 2.72 close.

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2129.00
2120.75
...would target 2134.25
2126.25
Bias-down: under 2121.50
2113.50
...would target 2116.50
2108.25
Signal status: LATE NO-BIAS, TESTED BIAS-DOWN SIGNAL FAQ INTRO VIDEOS #1 and #2 1. At 10:15, 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 10:15 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 10:15 would invoke a grace period through 10:30 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 10:30 after invoking the grace period would trigger "noN-bias," with no bias influence.