Reliable Day Trading Signals from Viditrade - 06-30-2015

TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2061.50
2053.00
...would target 2067.25
2059.00
Bias-down: under 2054.50
2046.25
...would target 2048.75
2040.25
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.

[MY APOLOGIES FOR THE TARDINESS OF THIS POST...]

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...
Gapping down Monday in extreme sentiment tried to behave like a sentiment extreme, rallying through the opening 15 minutes of volatility. But that works only when testing a prior low, as support, and not when opening beyond the range. Testing the morning''s 2082.25 bias-down target as resistance sent price relentlessly down 35 points to 2047.25, probing Sunday night''s low by 7 points, while testing and retesting the next lower objective of 2048.25 as RSIs diverged positively.

Overnight action''s new info...
.Firming up to 2058.00-2059.00 through Europe''s opens had dipped back down to 2053.00, when a surge broke sharply higher to 2069.00. Its 10-point reaction down to attack 2059.00 is trying to recover.

If, then...
Extending the plunge at this morning''s open was not assured. No new traction was gained Monday afternoon and downside objectives held their tests. Those conditions were true at Friday''s close, too, but Monday''s plunge was the product of new sponsorship. There being no new sponsorship overnight, the downleg was vulnerable to correcting back up. If counter-trend sponsorship has been attracted, then the correction will recover relevant levels through relevant timing windows. Maintaining a gap up back above yesterday afternoon''s ~2061.00 high, for example, could form a "session-long rally." But too much higher could find the overnight bounce has already satisfied the counter-trend sponsorship. An example of that would be to hold a test of a prior timing window''s range -- like yesterday morning''s 2068.50 low. Exceeding any relevant level tested during the open would help to reverse the trend back up today. Failing that would extend the plunge this morning.

First Trade...
Exiting the open at 9:45 above 2067.50 would be likely also to exceed the 2059.00 bias-up target through 10:15 to renew the bias-up signal. Back under 2054.00 through 9:45 would be unlikely to trigger the 2053.00 bias-up signal at 10:15.

Second consecutive overnight rally is rejected.

The pre-open uptick touched yesterday morning''s 2068.50 bias environment low, and began reversing down sharply at the open 1 minute later.

Yesterday afternoon''s ~2060.75 bias environment high was still being overlapped at 9:45. That didn''t qualify as gapping up above it, or as rejecting the gap up above it. The potential "session-long rally" and the potential for its rejection are moot.

Meanwhile, the post-open reaction down extended to 2055.50. A consolidation has formed just under this morning''s 2059.00 bias-up target. Exceeding it through 10:15 would have renewed the bias-up signal. Its renewed target is met already, but that would have undermined sellers.

Still, this is a bias-up environment. Or, is it? Whatever was indicated by recovering the 2053.00 bias-up signal through 10:15 can be negated by breaking under it through 10:30. Otherwise, its support should define the next hour''s lower-end if tested.

TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2070.25
2062.00
...would target 2075.75
2067.50
Bias-down: under 2057.75
2049.50
...would target 2052.00
2043.75
Signal status: NO-BIAS, TESTED BIAS-DOWN SIGNAL 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 night''s weakness was recovered back up to unchanged at 1.1250 where intraday selling could probe under the overnight low. Then Monday night''s low was probed on the way down to Monday''s 1.1125 intraday low. The setup''s target is a deeper reaction down to 1.1065, so long as 1.1250 now holds as resistance.

Gold Aug Contract (GC, ETF: (GLD))
Gapping back down Tuesday helped to confirm that Monday''s test of 1183.70 resistance had held the corrective bounce. Gapping down Tuesday under 1175.00 support to a fresh low at 1165.40 was retraced aggressively, but only temporarily as the close tried resuming the decline.

Silver Sep Contract (SI, ETF: (SLV))
Sliding to fresh lows under 15.45 Tuesday morning reacted up sharply above 15.80, but only momentarily before dipping to a new low close..

30-year Treasury Sep Contract (US, ETF: (TLT))
Tuesday''s probe above Monday''s 151-04 intraday high was attacked Sunday night''s 151-22 high. Still overlapping Monday''s close prevented the confirmation of a second consecutive higher close. Back under 150-08 would start to signal momentum reversing back down

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday''s intraday rally attacked 59.75. Extending above 60.20 would be likely to extend up sharply, targeting 63.15.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Monday''s recovery from 2.77 back up to 2.83 was retraced again to retest 2.77 support. And that was again recovered back up to 2.83 which must be recovered through the close to launch a new rally leg.

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2068.75
2060.50
...would target 2074.00
2065.75
Bias-down: under 2059.00
2050.75
...would target 2053.75
2045.50
Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED 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.