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_______The Pattern Trapper FREE! Weekly_______
Report for Thursday, May 20, 2004
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The Pattern Trapper FREE! Weekly Report identifies important conditions and significant price levels for
trading the S&P;, Dow Jones, Nasdaq, and T-Bond futures markets (both pit and electronic contracts) on
Thursday of each week and is released on other days when market conditions warrant. It is delivered via
e-mail on the evening before the targeted trading day. To register to receive this free report Click Here!
The FREE! Weekly Report is an abbreviated version of daily Pattern Trapper Futures Trading Newsletter.
To see a sample issue of the full newsletter Click Here! To register for a two week free trial Click Here!
To learn how you can incorporate Pattern Trapper methods into your own trading routine Click Here! |
June S&P; 500 (SPM4/ESM4)_Most Recent Trading Day With Pivot System ______Historical Volatility & Narrow Range Days
_S&R; Levels and 5, 15, and 30 Minute 20EMAs._____Expect range expansion when HisVol is low.
___ ___
Pivot System S&R; Levels
Used to determine relative value.
Signficant shifts in market psychol-
ogy often occur near these levels.
R3_1125.20
R2_1112.40
R1_1099.60
DP_1092.80
S1_1080.00
S2_1073.20
S3_1060.40 | | Range Projections
This market will tend to trade within
the Normal High/Low Range levels
noted below. If they are exceeded,
use the Extended levels.
Extend High:_1104.09
Normal High:_1096.60
Normal Low: _1077.00
Extend Low: _1069.51 |
Pattern Signals Fired for Today's Trading in the June S&P; 500 (SPM4/ESM4)
A pattern recognition technique which identifies today's most likely scenario based on recent price activity.
Wide Range Downside Reversal Signal
Yesterday's action likely marked a significant short term turn with more downside to follow.
90-10 Low Continuation Signal - Look for morning follow through on the weak close. |
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June Dow Jones (DJM4/YMM4)_Most Recent Trading Day With Pivot System ______Historical Volatility & Narrow Range Days
_S&R; Levels and 5, 15, and 30 Minute 20EMAs._____Expect range expansion when HisVol is low.
___ ___
Pivot System S&R; Levels
Used to determine relative value.
Signficant shifts in market psychol-
ogy often occur near these levels.
R3_10259
R2_10148
R1_10037
DP__9979
S1__9868
S2__9810
S3__9699 | | Range Projections
This market will tend to trade within
the Normal High/Low Range levels
noted below. If they are exceeded,
use the Extended levels.
Extend High:_10075
Normal High:_10011
Normal Low: __9842
Extend Low: __9777 |
Pattern Signals Fired for Today's Trading in the June Dow Jones (DJM4/YMM4)
A pattern recognition technique which identifies today's most likely scenario based on recent price activity.
Wide Range Downside Reversal Signal
Yesterday's action likely marked a significant short term turn with more downside to follow.
90-10 Low Continuation Signal - Look for morning follow through on the weak close. |
|
June Nasdaq 100 (NDM4/NQM4)_Most Recent Trading Day With Pivot System ______Historical Volatility & Narrow Range Days
_S&R; Levels and 5, 15, and 30 Minute 20EMAs._____Expect range expansion when HisVol is low.
______
Pivot System S&R; Levels
Used to determine relative value.
Signficant shifts in market psychol-
ogy often occur near these levels.
R3_1465.00
R2_1442.00
R1_1419.00
DP_1406.00
S1_1383.00
S2_1370.00
S3_1347.00 | | Range Projections
This market will tend to trade within
the Normal High/Low Range levels
noted below. If they are exceeded,
use the Extended levels.
Extend High:_1427.75
Normal High:_1414.00
Normal Low: _1378.00
Extend Low: _1364.25 |
Pattern Signals Fired for Today's Trading in the June Nasdaq 100 (NDM4/NQM4)
A pattern recognition technique which identifies today's most likely scenario based on recent price activity.
Wide Range Downside Reversal Signal
Yesterday's action likely marked a significant short term turn with more downside to follow.
90-10 Low Continuation Signal - Look for morning follow through on the weak close. |
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June US T-Bond (USM4/ZBM4)_Most Recent Trading Day With Pivot System ______Historical Volatility & Narrow Range Days
_S&R; Levels and 5, 15, and 30 Minute 20EMAs._____Expect range expansion when HisVol is low.
______
Pivot System S&R; Levels
Used to determine relative value.
Signficant shifts in market psychol-
ogy often occur near these levels.
R3_105-08
R2_105-00
R1_104-23
DP_104-17
S1_104-08
S2_104-02
S3_103-25 | | Range Projections
This market will tend to trade within
the Normal High/Low Range levels
noted below. If they are exceeded,
use the Extended levels.
Extend High:_104-28
Normal High:_104-23
Normal Low: _104-08
Extend Low: _104-02 |
Pattern Signals Fired for Today's Trading in the June US T-Bond (USM4/ZBM4)
A pattern recognition technique which identifies today's most likely scenario based on recent price activity.
NR7 Signal - Today's trading range is the narrowest of the seven days.
Range expansion and a pickup in volatility is likely. Aggressive traders can trade the break of
the prior day 104-25 high and 104-10 low levels. Conservative traders should wait for the first
retracement after the initial breakout move. |
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Statement of disclaimer: This information was compiled from sources believed to be reliable, but its
accuracy cannot be guaranteed. There is substantial risk of loss in stock and futures trading. There
is no warranty, express or implied, in regards to the fitness of this information for any particular
purpose. Past performance is not a guarantee of future results.
All materials are copyright © 2004 by Bob Hunt. No part of these resources may be reproduced,
stored or transmitted without the prior written permission of the copyright holder. |
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