Reliable Day Trading Signals from Viditrade - 07-22-2015

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2122.00
2115.00
...would target 2127.00
2120.25
Bias-down: under 2115.75
2109.00
...would target 2110.75
2103.75
Signal status: NO-BIAS, TESTED BOTH BIAS-DOWN PARAMETERS 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...
We knew before Monday''s close that not gapping up Tuesday would mean trading flat-to-lower, probably trending down, but to no particular degree. Selling could hardly wait, and could barely stop. A pre-open touch of the 2117.50 bias-down signal had held, but it was broken sharply after triggering no-bias. And it extended down to 2108.00 intraday, triggering the afternoon''s bias-down. Optimism ahead of AAPL''s earnings enabled bouncing back to 2113.00 and then to 2114.00, leaving unfinished business below at the 2105.50 bias-down signal.

Overnight action''s new info...
AAPL''s earnings warning triggered a plunge through Tuesday''s low to 2107.00. It was extended overnight to touch 2105.50. Briefly probing lower another point was recovered back up to 2108.00, and now 2105.50 is trying to hold another test.

If, then...
Room under the 2105.50 target includes 2103.00. Its test will be likely if the open isn''t being greeted by a recovery already underway back into positive territory. Extending down is possible, but less likely since sellers gained no new traction yesterday afternoon.

First Trade...
Exiting the open at 9:45 above 2112.25 would make the 2109.00 bias-down signal unlikely to trigger at 10:15. Exiting the open under 2105.50 would be likely to trigger the 2109.00 bias-down signal. Exiting the open under 2103.00 would be likely also not to have recovered the 2103.75 bias-down target at 10:15 which would renew the bias-down signal.

Open''s surge establishes higher targets, then retraces.

Room for noise under 2105.50 down to 2103.00 was probed by 3 ticks pre-open. Surging through the open recovered the 2103.75 bias-down target and extended through the 2109.00 bias-down signal up to 2111.00.

At 10:15, no-bias triggered. Offsetting tests of both bias-up parameters was put into play -- 2115.00 and 2120.25 -- so, a "synthetic bias-up."

So, this post-open dip down to 2105.50 isn''t (yet) bearish. Breaking under 2109.00 by 10:30 would have invalidated the bias signal, but it was broken 1 minute after 10:30.

And having probed a fresh high after 10:15 up to 2112.00, rejecting the bias signal would require exiting the bias environment at 11:30 at fresh post-open lows under 2103.00.

Breaking under 2109.00 had near-term potential to 2105.50. RSI diverged positively upon touching it, and its touch has reacted up sharply -- now violating its 2107.00 bounce limit, and probing its 2108.25 buy signal up to 2109.00. Exiting the bias environment in rally mode could extend sharply higher by the close.

WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2117.75
2111.00
...would target 2124.25
2117.50
Bias-down: under 2111.50
2104.75
...would target 2106.00
2099.25
Signal status: NO-BIAS, 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))
Tuesday''s excessive portion of its bounce above the 1.0920 bounce limit was rejected by gapping back down to it Wednesday, although the session essentially only ranged sideways around it. The low''s test of 1.0855 remains likely to be retested.

Gold Aug Contract (GC, ETF: (GLD))
Obligatory support at 1100.00 gave way Tuesday night and gapped down to test 1090.00 where the balance of the session ranged choppily sideways, presumably still targeting a retest of Sunday night''s 1080.00 flash crash low down to 1076.50.

Silver Sep Contract (SI, ETF: (SLV))
Gapping down and extending down Wednesday could probe fresh lows, but still not be likely to start a new downleg, while awaiting a better bottom in Gold.

30-year Treasury Sep Contract (US, ETF: (TLT))
Tuesday''s recovery from gapping down to test 151-00 and recovering back above last week''s 152-10 highs improved overnight to gap up Wednesday and extend higher to 153-15, within almost a half-point of filling the outstanding gap back up to 154-00.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Narrow ranging around 50.00 broke lower to test fresh lows down to 49.25, presumably still targeting 48.25.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Initially firming Wednesday pierced the 2.88 resistance that had retrained much of Tuesday''s session.But the balance of the session only ranged choppily to either side of 2.88 without yet extending higher or reversing down.

THU morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2117.75
2111.00
...would target 2124.25
2117.50
Bias-down: under 2111.00
2104.25
...would target 2106.00
2099.25
Signal status: 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.