Pinterest • The world’s catalogue of ideas

Explore Showing Signs, 178 and more!

The S&P showing signs of weakness. The trend is broken only if it makes lower lows at the $178 level. http://thinkertradingacademy.com/s-p-weakening/

A short trade at 2:15 pm using a trend break Sonntag-Pirnie Bar trigger yielded a 2.25 profit. Remember to manage your risk on all trades. Contact Thinker Trading Academy for workshop information. This is not a trade recommendation. Click on image for a larger view

FLDM broke out on huge volume today when Maxim raised its price target to $42. An options play using the May $30 strike will cost appx $8. If the price hits the $42 target by May expiration the theoretical value is appx $12. Remember to manage your risk on all trades. Contact Thinker Trading Academy for workshop information. This is not a trade recommendation.

Thinker Market Update: SPY confirmed a short term down trend today by making a lower low point. The $180.50 mark is old resistance and may act as a new support level. Watch for a break in the $180.50 area for downtrend confirmation. If this level is broken, I will actively begin looking for bearish plays.

http://daytradingcommodity.com/trading-options-website-using-technical-analysis-to-design-winning-trades/ · Trading Options, Website: Using Technical Analysis to Design Winning Trades·<p>A thorough guide to technical analysis methods applied for success in the options market Though still not widely practiced or accepted in the options market, technical analysis is becoming increasingly common. As the practice spreads, traders are discovering how useful technical analysis is for determining…

SPY could not close above the old resistance level yesterday with a huge price/volume move. This tells us that the $181.75 level is a strong level of resistance. My posture is neutral on the broad markets until this level can be taken out. Remember to manage your risk on all trades. Contact Thinker Trading Academy for workshop information. This is not a trade recommendation

A recent lower low and a lower high from today’s action puts the SPY in a short term downtrend. Be sure stops are in on bullish positions and decide what it may take to start climbing into bearish positions. Manage your risk on all trades. Contact Thinker Trading Academy for workshop information. This is not a trade recommendation.