We’ll be looking forward to seeing you!

I’m excited about this opportunity to share some of the latest research and trading experience with you.

I’ll unveil new tactics and strategies designed for our current “runaway” market and the tactics that will keep you on the right side of price action especially when price reverses from the current uptrend.

Join us!  Register and learn more today.

Corey

What a better way to start back with a broad picture of the surprising and persistent movement in money flow so far in 2018?

Let’s begin with a simple grid and ease back into the markets:

After a relatively muted or range-bound end to 2017, markets ignited at the end of the year and continued so far into 2018.

What’s the simple picture?

Stocks continue to explode higher along with commodities Gold and Oil.

Unfortunately, not all markets can benefit from rampant and non-stop bullishness; the sacrificial lamb in this case in the US Dollar Index.

Keep in mind that trends, once established, have greater odds of continuing than of reversing.

Also, trends (persistent money flow into/out-of a market) can continue longer than expected.

We’re always on guard for sudden reversals and we’ll be watching for that in the week ahead.

We’ll keep you updated on these developments before and after the announcement so stay tuned!

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

What’s the picture setting up in our Quad-Market Grid before the announcement?

Money continues – without stopping – to flow INTO the US Stock Market.

At the same time, Gold saw money rapidly flow OUT OF it recently.

The US Dollar Index initially saw bearish money flow but price turned higher with a break above a falling trendline and bullish bounce ahead of the Fed announcement (the Dollar typically benefits from higher interest rates).

Finally, Oil continues its upward bullish drift that developed a sideways trading range beneath $60.00.

We’ll keep you updated on these developments before and after the announcement so stay tuned!

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

Here’s the Euphoric Rise that gave way to the Stellar Collapse:

Square (SQ) is a new stock that you may not have traded yet but it’s sporting a classic pattern of a euphoric (unsustainable) rally that just gave way to a textbook collapse event.

Despite a strong higher timeframe uptrend, price stabilized (intraday chart) at the $32.00 per share level and built a rally toward $38.00 per share.

At that point, a clear Ascending Triangle Pattern developed which triggered a bullish breakout entry above $38.00 on November 10th.

Price got ahead of itself, surging straight up into a “Parabolic Arc” or “Euphoric Top” pattern that set the stage for the pain of a collapse after the pleasure of the euphoria.

Traders are encouraged to avoid trading INTO the late-stage euphoria (bullishly) due to the risk of a price collapse.

Similarly, bears are discouraged from short-selling a euphoric pattern event like this because price can remain overbought and irrational – and surging higher – beyond your ability to sustain a reasonable risk or stop-loss strategy.

VERY aggressive traders can engage short on the breakdown – in this case a gap – beneath the rising “arc” or adaptive trendline.

We’ve achieved our first target of the initial breakout from the original Symmetrical Triangle.

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

Here’s the V-Spike Reversal from Down to Up and the New Levels to Watch:

AutoZone (AZO) stalled with a Distribution Pattern near $725 with a breakdown (breakout) and Trend Reversal DOWN in April 2017.

From there, price collapsed from the $700 level toward the $500 Round Number pivot.

Rather than build a “Rounded Reversal” or Accumulation Pattern, buyers intervened to create a V-Spike Reversal that catapulted share prices through $600 and now $700.

We’re watching confluence target – now achieved – at the $700 price level.

Use this as your Bull/Bear pivot for short-term trading strategies.

Price initially stalled into the 38.2% Fibonacci Retracement just above $600 and when buyers took price above this pivot, a rapid rush of buying (and short-covering/short-squeeze) sent price speeding toward our current target.

Study this pattern to pinpoint similar/future reversal patterns like this event.

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

That’s what we’re doing here with the clear price patterns and breakout (bullish) phases in this strong, ongoing bull market in stocks.

Look Closely at the Bullish Breakouts and Resistance Levels:

From the beginning of 2017, the stock market carved a series of higher highs and higher lows, building the structure of a larger uptrend in motion.

I’m highlighting the resistance levels – mainly at 2,400, 2,500, and 2,600 Round Number Levels, and what happened NEXT when price broke ABOVE these levels.

In fact, these green highlights represent the forward progress in 2017.

If you’re surprised by this move, don’t be.  Look at the chart – this pattern keeps repeating.

The purpose of this chart is to highlight prior events similar to what we’re seeing now so we can have a roadmap to the future.

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

Here’s your chance to step behind the public blog to a two-week trial of our membership site:

I’ll also add a few bonus items for registering and joining us during your visit with us.

Go ahead and register now – I won’t keep this offer on the open blog long.

Take advantage of this special limited opportunity window!

Corey

For now, we’re seeing a stabbing bull gore the active bears intraday while price trades lower.

Of course, if you are an intraday trader, you might have NO IDEA that price is actually retracing or declining in a sell-off on the Daily Chart.

Here’s the pattern that keeps repeating:

From the peak near 2,600, SELLERS have actually been winning the WAR while BUYERS have been winning every single BATTLE.

In other words, price is indeed selling off from 2,600 toward the lower targets on the Daily Chart near 2,550.

While the Daily Chart is the recent short-term war, the intraday chart is each battle.

Note how price sells-off rapidly either overnight or right off each day’s open.

From there, buyers reverse course on a program/algorithmic V-Spike Reversal pattern which results in a bullish rally – even TREND DAY (style) – into the close.

It’s almost like Bears achieve victory in the darkness of night but are driven back by the Bulls when the warm light of morning emerges.

Are bears therefore nocturnal vampires?

Humor aside, this is the repetitive pattern that holds sway over our current short-term market.

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

Our featured webinar with Mike at Futures.IO will take place this Thursday right after market close:

It’ll be both an introspective look at my trading journey – most likely paralleling your journey along the way – and will include specific lessons I’ve learned that I wish I knew earlier.

My goal is to assist you at whatever point you are currently in your trading journey by sharing what’s worked, what hasn’t worked, what’s important, and what’s not from my 18 years in the markets.

Go ahead and register now and grab a notepad!

Thank you to Mike and his team for this introspective educational opportunity and we can’t wait to see you there with us live!

Corey

Let’s highlight the pattern and pinpoint the higher timeframe support level from which it logically developed:

A large gap-down often suggests the early development of a Trend Day.

However, it’s important to take higher timeframe levels – especially key price targets – into consideration before joining into the trending action.

Yes, price gave a valid short-sell bear flag opportunity on the first pullback but price achieved its downside support target as seen on the intraday chart:

The 2,565 level was a “Double Bottom” price level from which buyers intervened and rallied the market higher on two occasions – November 2 and 9.

With the downside objective achieved, we turn our attention to the real time data from Market Internals (TICK) and Momentum.

As we can see in the first chart, BOTH metrics formed an obvious/visual Positive Divergence at the higher timeframe target.

Once again, buyers intervened today, thrusting the market higher and giving bulls another chance to profit from a “BUY THE DIP” scenario.

Bears… they didn’t fend as well if they missed seeing the support level and missed the positive divergence as it occurred in real time.

Keep studying this event and apply what you learn to future scenarios like this.

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”