Author: Chuck Kowalski

The first hour of trading for emini futures can be very tricky if you ignore many of the wild reversals that inevitably pop up.  Sometimes I exclusively trade these reversals or failures in the first hour as they offer some...

All the stock indexes have broken down from a very good wedge sell pattern and I am still expecting lower prices unless the market proves otherwise.  Wedges can be some of the best trades and they typically occur at market...

The E-mini S&P continues to chug along higher, which is reminiscent of last year.  The market broke out of a major down trendline and you have to go with the price action as a trader.  Now, we are at an interesting...

This summer has been riddled with false breakouts and frustration, which is very apparent for trend traders.  The question is whether this consolidation trading will continue throughout the summer or will we see a...

The market broke the lows of the last two days and it looked like we would have a nice reversal from the down trendline resistance.  We should have seen some good follow-through to the downside, but the market bounced...

In my last couple articles I mentioned the ultimate move in this market may only come before the technical picture morphs into one confusing move after another.  Ultimately there will be a strong move in one direction, but...

The markets were able to rebound on Thursday, even though the technical picture is very negative.  The market put in somewhat of a spike bottom and it may try to test resistance around 1035-1040.  The market has been...

The latest minor trend in the emini points to a downward reversal on June 21, so the short-term trend is lower.  Things get a little more complicated when you are looking at the bigger picture and trying to figure out...

Trend days can be the best days for some day traders and the absolute worst days for others.  Tuesday was a classic trend day where the market gapped higher and slowly and methodically pushed higher all day.  I like to...

There are many ways to determine the trend in a market and most of them are pointing lower for the stock markets.  Major trendlines have been broken, the 200-day moving average has been crossed and rallies are not...