Traders Daily Direction
Your daily compass for market direction. Key levels, momentum shifts, and actionable setups before the bell rings.
581 posts published
Posts — Page 47
Why remaining disciplined pays off
Good morning, Traders! I’m pretty excited about what’s happening with the E-mini Russell 2000 (RTY)! It was hard to make the call that the RTY was about to sell off because we have a bullish upchannel. But my data showed that the sell-off was on the way. Now we just wait for the price dip … The post Why remaining disciplined pays off appeared first on Josh Daily Direction.
What light crude oil futures mean for you
Good morning, Traders! Light crude oil futures (CL) are trading beautifully, with a textbook example of a counter trendline break playing out. As the market continues to push through the buy zone, we can expect a +400 tick movement to develop. For a while, the CL was in a descending trend. But as you’ll see in … The post What light crude oil futures mean for you appeared first on Josh Daily Direction.
We’re ready for the Nasdaq 100
Good morning, Traders! The Nasdaq 100 (NQ) has fulfilled our up Fibonacci extension just as we predicted. The anticipated retracement (temporary price drop) hit and support has held. Now we can prepare for the next up Fibonacci that will put us on track to hit 16072.25 with a +4000 tick movement. Future price prediction in … The post We’re ready for the Nasdaq 100 appeared first on Josh Daily Direction.
Confused about finding the right futures broker?
Good Evening, Traders! Another weekend is coming to a close, but that means it’s time to get ready for a full week of trading futures! For this edition of the Daily Direction Weekly Prep segment, I’m going to talk about how to pick the right futures broker. A brokerage service is how we place trades … The post Confused about finding the right futures broker? appeared first on Josh Daily Direction.
The Russell is on the move!
Good morning, Traders! I’m excited about what’s happening in the E-mini Russell 2000 (RTY)! The sell-off I predicted is almost fulfilled. The market is getting closer to hitting our Fibonacci extension of 2180.3. Once the RTY hits that lower price, we’ll look for a U-turn back toward the top of the channel. If everything goes … The post The Russell is on the move! appeared first on Josh Daily Direction.
Are you ready for the next big market shift?
Good morning, Traders! We’ve been watching the Nasdaq futures market (NQ) over the last few days as it continued its climb toward a new high price. Now, the NQ has hit our upper limit and is preparing for a bearish sell-off. While the long-term direction for the NQ is up, the short-term direction is now down. … The post Are you ready for the next big market shift? appeared first on Josh Daily Direction.
Leverage my knowledge for your own gain
Good morning, Traders! The Nasdaq futures market (NQ) is getting very close to the daily up Fibonacci. The long-term and short-term directions are both up, but we’re pushing just below the 14895.5 limit. Once the market hits that limit, we should be prepared for a retracement (temporary price drop) before the next rally. Remember that the … The post Leverage my knowledge for your own gain appeared first on Josh Daily Direction.
Did you miss my latest video?
Good Morning, Traders! We’re back to business after a much-needed holiday weekend! The markets are open, and it’s time to look at how the futures markets will move this week. I recently sent out a video I made just for you, my loyal readers. In it, I discuss the biggest futures markets and what we … The post Did you miss my latest video? appeared first on Josh Daily Direction.
VIDEO: Get ready for the upcoming trading week!
Good Evening, Traders! I hope you’re having a wonderful holiday weekend! Now’s the time to take a break, get some rest, enjoy time with your family and friends, and prepare for a new week of trading! Today I’m dropping a new video made just for you to help you gear up for new trading opportunities over … The post VIDEO: Get ready for the upcoming trading week! appeared first on Josh Daily Direction.
This market is headed in the right direction
Good morning, Traders! I’m pretty happy with the Nasdaq futures market (NQ) right now! We’ve broken above resistance, both the long-term and short-term directions are up, and the market is headed for the 14895.5 price point. That means we could see a +1967 tick movement from this current push! Now, as you’ll see in the charts below, … The post This market is headed in the right direction appeared first on Josh Daily Direction.
It’s time to reconsider this market
Good morning, Traders! Gold futures (GC) are finally starting to break into the buy zone and could make a +1471 tick push to 1922.4! After seeing the market dip a bit after a consolidation range (sideways movement), it’s finally starting to push through the counter trendline and into an area where we can prepare to buy … The post It’s time to reconsider this market appeared first on Josh Daily Direction.
We’re taking a step back
Good morning, Traders! The E-Mini Russell 2000 (RTY) looks to be setting up for a retracement (temporary price drop) in the short term, so I’m recommending that we wait and see which direction the market will go before we get back in. While the long-term direction is still bullish for the RTY, the one-hour timeframe … The post We’re taking a step back appeared first on Josh Daily Direction.
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