Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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21:00 |
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21:14 |
The ES ‘buy’ signal posted early this morning is instructive. Stocks were falling hard when I identified a possible entry opportunity at 10:16 (see above). A few minutes later, sellers drove the futures down to within 3.00 points of the 6578.50 green line where I’d suggested placing a ‘mechanical’ bid. Although I noted at the time that the recommendation was still valid even though the low of a 35-point bounce had just missed my target, I was too distracted to notice when the trade triggered 45 minutes later with a relapse to what turned out to be the intraday low, 6572.75. Everything worked out straightforwardly thereafter, with a so-far high of tonight’s ballistic blast somewhat above the D target at 6803.50 that was included in the initial post. The intervening swings were pretty wild, but all of them conformed obediently with the original ABCD pattern’s HP levels. Once they were drawn, trading today’s ginned-up anxieties required only discipline and patience. In retrospect, it’s hard to believe anyone could have failed to foresee that Trump’s ultimatum was just a bluff. Attentiveness to the ‘news’ would only have distracted one from leveraging the day’s anxieties successfully. |
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Wednesday, April 8, 2026 |
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01:00 |
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01:41 |
Never underestimate DaBoyz ability to levitate a turd as though it were helium. Now they’ve leveraged Trump’s step back from the brink to seize bears by the scrotum. The short-squeeze is currently well above the 6810.00 HP I’d billboarded in the latest ES tout, implying that 7030.75 — a ‘d’ target that lies just 66 points from new all-time highs — is within shooting distance. Only one other ‘hidden’ resistance could stop the rally: a ‘secondary’ HP (p2) at 6861.50. |