Mastering Probability Market Position: As of 9:06 a.m., U.S. equity and metal futures are trading lower with a U.S. dollar index that is trading higher. New daily profiles are attempting to form for the ES, NQ and RTY with the bottom of those profiles being a potential downside target, 5409, 18893 & 1911.20 respectively. The YM’s price target would be its OUL unless a new profile forms. Another potential support level for the NQ would be its 5-hour buy zone, 19136 – 19226. Another potential support level for the ES would be its 5-hour buy zone, 5454 – 5493. Another...

  The market is about as stretched as it has ever been. Buying the UVXY ETF at the close. A stop of a close under 12.20 tomorrow but more on that in the morning edition. $20 would not be to high on this one if we get a blow off top on the open tomorrow.   Regards,  David White Path@TFNN.com   Disclaimer: Trading in securities such as stocks, options, indices, currencies and futures involve risk and should not be undertaken without due diligence and serious independent study. Options, stocks, currencies, and futures trading involve substantial risk. Subscribers may carry out...

Gold: $1,723.00 | Silver: $25.18 | Oil: $60.23 | Bond: $131.23 | Dollar: $92.844   Market Analysis 06-25-21 ● The Dow closed up 453.40 at 33,072.88 with 1.131 vs. 1.131 billion shares traded the previous day. ● The NASDAQ closed up 161.05 at 13,138.73 with 5.599 vs. 5.599 billion shares traded the previous day. ● The S&P closed up 65.02 at 3,974.54     The Broad Market   The Dow, NASDAQ, NDX 100, and the SPX rejected lower price with volume contracting. Asia traded higher last night. Europe is higher this morning while our S&P futures are up 5 points....

U.S. indices mostly closed lower on the day. The S&P 500 generated a bearish Shooting Star candle today and price closed below its OUL which confirms a RMI top. Unfortunately, the ES mini did not confirm a top leaving us to wonder which signal is correct? The ES is attempting to form a new daily profile. We’ll know in the morning if this takes hold or not, but for now, 4193.75 is resistance and 4135 is support. Have a great evening! Current Positions: Positions ACTUAL ENTRY INITIAL INTRADAY STOP ADJUSTED INTRADAY STOP TARGET EXIT CURRENT NEWSLETTER PRICE PER SHARE RISK...