Proven Day Trading Signals from Viditrade - 07-15-2015

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...
Monday''s narrow overnight range centered around 2093.00 quickly launched an opening rally. It trended higher intraday to eventually touch its 2105.50 maximum objective. Buyers gained traction for their effort, while confirming Monday''s breakout. .

Overnight action''s new info...
The first order of business was to fulfill the 2099.25 objective of the last-minute reaction down that had begun from Tuesday''s. Its touch reacted up and began surging to a fresh high at 2107.50. That was short-lived, as the balance of the night settled down into a narrow 3-point range back to 2102.00.

If, then...
The rally need not resume immediately, regardless of Tuesday afternoon''s buyers having gained traction, while confirming Monday''s breakout. Actually, those are the reasons why the rally is vulnerable to reversing down -- because having entrenched its uptrend, a corrective dip can be more easily absorbed. Nevertheless, exiting the open above yesterday''s high would be credible for extending higher through at least the morning. Either way, Yellen''s televised congressional Q&A is a likely catalyst.

First Trade...
Exiting the open at 9:45 above 2105.50 would be likely at least to test the 2108.50 bias-up signal. Exiting the open under 2105.50 would be unlikely to trigger bias-up. Exiting the open under 1097.50 would be likely to trigger the 2099.25 bias-down signal.

WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2112.50
2105.50
...would target 2116.25
2109.50
Bias-down: under 2106.00
2099.25
...would target 2102.00
2095.00
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))
The drop extended through Wednesday''s open to fill the gap back down to last Tuesday''s actual 1.0935 open. Already trying to firm or to bounce is impatient optimism, and not likely to end the decline -- although closing back above 1.1000 would be credible for reversing momentum up.

Gold Aug Contract (GC, ETF: (GLD))
Fresh lows Wednesday morning probed 1144.00 support, with potential for extending down to 1137.00 so long as bounces hold 1151.00 as resistance. Closing above 1158.50 would signal the decline''s momentum had lapsed and was probably also reversing back up.

Silver Sep Contract (SI, ETF: (SLV))
A fresh reaction low Wednesday morning extended down to test 15.00 as support, which should be the maximum consequence to having tried prematurely to recover 15.35-15.45 resistance. Closing under 14.90 would suggest a deeper pullback underway.

30-year Treasury Sep Contract (US, ETF: (TLT))
Rallying on Yellen''s testimony without yet probing a fresh low left only 150-24 resistance as a buy signal. It was tested Wednesday to 150-30, and closing back under 150-08 would signal fresh lows in-play to at least 149-08.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sideways ranging became flat-to-lower ranging Wednesday. Instead of launching a rally, at least a fresh low targeting 48.00 has become increasingly likely.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Wednesday''s pre-open rally was already neutralizing the attraction back up to Tuesday''s 2.91 gap up. The balance of the session ranged narrowly at the high, not rejecting the filled gap -- greeting Thursday''s EIA report from a position of strength.

THU morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2114.50
2107.25
...would target 2118.00
2111.00
Bias-down: under 2105.25
2098.25
...would target 2100.50
2093.25
Signal status: BIAS-UP, BIAS-UP TARGET MET 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.