Stock Market Trade Signals from Viditrade - 08-12-2015

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2088.50
2083.00
...would target 2093.50
2088.00
Bias-down: under 2078.50
2073.00
...would target 2072.75
2067.25
Signal status: waiting for trigger 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...
Monday''s gap up to 2086.00 had been retraced already overnight in reaction to the Yuan devaluation. Bouncing from 2080.50 through Tuesday''s open soon resolved back down to eventually test 2070.75. Bouncing through Tuesday afternoon came within 1 tick of its 2082.25 target, closing back above 2073.00-2077.00''s relevant support.

Overnight action''s new info...
Firming up to 2085.25 and ranging there narrowly for an hour suddenly plunged 17 points in reaction to more Yuan weakness. Probing under Tuesday''s low fell to 2067.25, which had narrowly avoided becoming targeted by Tuesday afternoon''s bias signal. Ranging down to 2065.00 eventually broke quite a bit lower to 2053.75. Its reaction is testing 2064.00 as resistance.

If, then...
Delaying the test of 2067.25 until Wednesday had made it likelier to be probed regardless of its resolution. Probing it overnight would still be able to recover through Wednesday''s open and form a more durable bottom. The minimum requirement to suggest sellers may be absorbed would be back above 2067.00-2070.00. But this still wouldn''t assure that another rally leg was ready to begin.

First Trade...
Exiting the open at 9:45 back above 2069.50 would make the 2067.25 bias-down target''s recovery through 10:15 likely, too, to avoid renewing the bias-down signal. Exiting the open under 2064.00 would be unlikely to recover the 2067.25 bias-down target in-time to avoid renewing the bias-down signal.

Opening plunge makes new lows likely.

The 2064.00 open extended the pre-open pullback a little deeper to 2058.50. Its reaction up resolved down a little deeper, too. Long story short, the drop accelerated and eventually touched 2046.50.

That''s reacting up pretty aggressively to 2052.75. Oversold RSIs at the low require its eventual retest. back under 2049.00 would signal that retest underway, if not also resuming the decline targeting 2035.00.

Meanwhile, back above 2054.00 would target 2059.75. Much higher than that would become likely also to test Friday''s 2062.50 "higher prior lows." A post-open bounce already tested 2062.50 and resolved down, so any indication of its retest would suggest a bigger move underway targeting a probe above 2067.25.

WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2063.75
2059.00
...would target 2068.25
2063.50
Bias-down: under 2055.75
2051.00
...would target 2049.50
2044.50
Signal status: waiting for trigger 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))
Reacting to Tuesday night''s Yuan sequel drove price sharply higher through Monday''s test of 1.1075 resistance and through 1.1120 resistance to test 1.1220. Closing above 1.1225 would target 1.1345, but a dip back to at least 1.1075 is likelier.

Gold Dec Contract (GC, ETF: (GLD))
Extending higher Tuesday night and Wednesday probed Monday night''s 1119.00 high and closed higher, targeting 1144.00 so long as pullbacks now hold 1112.00 as support.

Silver Sep Contract (SI, ETF: (SLV))
The rally resumed Wednesday by gapping up and extending to test 15.55. Now holding 15.25 would keep alive potential to 15.90.

30-year Treasury Sep Contract (US, ETF: (TLT))
Yuan''s devaluation triggered a new upleg overnight that peaked upon testing 160-20 resistance. It was retraced almost entirely before Wednesday''s open. But fresh highs back up to 159-28 still probed back into negative territory under 158-26.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Ranging at or under Sunday night''s 43.50 gap down through Wednesday has converted 44.25 into a preliminary buy signal.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Wednesday''s open gapped up to the 2.88 buy signal and extended a nickel higher, presumably confirming 2.83''s recovery that signaled a new upleg is forming. Gapping up isn''t optimal at this stage, but gets a benefit of the doubt..