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It's pretty simple today. The ES, 24 hour S&P futures must end the day above 5000 for starters. But to break out of all red channels, it would need to end above 5040. The hourly cycle oscillators are favorable for at least the first step. On the other hand, a close below 4990 would lead to interss

14hi1p

Swing Trade Screen Picks – Perking a Long

 

The shrinking list did fine last week. Non-subscribers click here for access. 

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All 7 picks on the list to start the week last week were winners, including 3 that hit trailing stops. The average gain was 17.1% last week, up from 16.6% the week before. The average holding period was 35 calendar days, versus 34 calendar days in the prior week. That includes picks still open at the end of the week, plus those stopped out during the week.

Past performance does not suggest future results.

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All cycles are in position to set up a swing low this week. It doesn’t guarantee that it will happen. It just means that the setup is propitious. Here are the signs and levels to watch this week to tell you whether it’s coming or, something worse. Non subscribers click here to access.

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  • DrStool changed the title to The Hunt for Red Channel Breakout 04/22/24
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Return to the scene of the crime. Will the perpetrator be caught? 

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