The Pattern Trapper for Wednesday, July 22, 2009

	The Pattern Trapper High Probability Futures Trading
Web Site: www.PatternTrapper.comE-Mail: RHunt@PatternTrapper.comPhone: 952-892-5550

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High Potential Setups for Wednesday, July 22, 2009
(Selected from market categories OTHER than the Indices or Interest Rates)

Feeder Cattle The August Feeder Cattle contract has fired 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Odds favor continued downside in today's early trading. Sell the break of yesterday's 103.200 low, or even earlier if price demonstrates weakness below the 103.550 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 102.750 or the Extended Low Range Projection level of 102.375 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low.

Wheat The September Wheat contract has fired NR7, 2 Day ROC Sell, and High Breakout Continuation Setup signals for today's trading. The NR7 signal tells us to expect range expansion and a pickup in volatility. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside, but the High Breakout Continuation Setup signal implies significant upside IF yesterday's high happens to be taken out. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked, and the larger trend is to lower prices. The NR7 signal tells us to stand prepared for a large impulse move in either direction. Trade the break of yesterday's 544^2 high to 530^2 low range. If entered long, place a stop and reverse on the break of yesterday's low. If entered short, stop and reverse on the break of yesterday's high. Price action relative to today's 536^4 Daily Pivot level may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and Range
Projections for Wednesday, July 22, 2009
The Pattern Signal links below are available to paid subscribers only. Each link provides a detailed discussion of the Signals triggered, the setup parameters required for them to fire, and a few techniques to best take advantage of the market information that they offer. Click here for a sample.

INDICES

Pattern Signals

Pivot System S&R

Range Projections
Normal/Extended

S&P; 500/Sep Pit SPU9 Elct ESU9	90-10 High Continuation	R3 969.50 R2 964.17 R1 958.83 DP 949.17 S1 943.83 S2 934.17 S3 928.83	Hi 961.00 966.73 Low 946.00 940.27
Dow Jones/Sep Pit DJU9 Elct YMU9	2 Day ROC Buy 90-10 High Continuation Low Breakout Cont. Setup	R3 9018 R2 8974 R1 8930 DP 8846 S1 8802 S2 8718 S3 8674	Hi 8950 8999 Low 8822 8773
Nasdaq/Sep Pit NDU9 Elct NQU9	90-10 High Continuation	R3 1581.75 R2 1572.50 R1 1563.25 DP 1545.75 S1 1536.50 S2 1519.00 S3 1509.75	Hi 1567.38 1577.59 Low 1540.63 1530.41
Russell/Sep Elct TFU9	2 Day ROC Buy	R3 542.00 R2 536.27 R1 530.53 DP 523.27 S1 517.53 S2 510.27 S3 504.53	Hi 531.30 536.27 Low 518.30 513.33

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond Sep USU9	90-10 High Continuation	R3 120-31 R2 120-03 R1 119-07 DP 117-20 S1 116-24 S2 115-04 S3 114-08	Hi 119-19 120-17 Low 117-03 116-05
Full Session T-Bond R3 121-00 R2 120-04 R1 119-07 DP 117-20 S1 116-23 S2 115-04 S3 114-07
US T-Note Sep TYU9	No Pattern Signals fired	R3 119-20 R2 119-00 R1 118-13 DP 117-14 S1 116-26 S2 115-27 S3 115-08	Hi 118-18 119-06 Low 117-00 116-12
Full Session T-Note R3 119-20 R2 119-00 R1 118-13 DP 117-14 S1 116-26 S2 115-27 S3 115-08

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US Dollar Index Sep DXU9	High Breakout Cont. Setup	R3 79.760 R2 79.537 R1 79.313 DP 79.027 S1 78.803 S2 78.517 S3 78.293	Hi 79.345 79.540 Low 78.835 78.640
Australian Dollar Sep ADU9	90-10 High Continuation Low Breakout Cont. Setup	R3 0.8265 R2 0.8227 R1 0.8188 DP 0.8122 S1 0.8083 S2 0.8017 S3 0.7978	Hi 0.8202 0.8243 Low 0.8097 0.8057
British Pound Sep BPU9	Inside Day 2 Day ROC Sell	R3 1.6718 R2 1.6629 R1 1.6541 DP 1.6461 S1 1.6373 S2 1.6293 S3 1.6205	Hi 1.6536 1.6600 Low 1.6368 1.6304
Canadian Dollar Sep CDU9	2 Day ROC Sell	R3 0.9250 R2 0.9189 R1 0.9127 DP 0.9063 S1 0.9001 S2 0.8937 S3 0.8875	Hi 0.9129 0.9177 Low 0.9003 0.8955
EuroFX Sep ECU9	No Pattern Signals fired	R3 1.4394 R2 1.4338 R1 1.4282 DP 1.4223 S1 1.4167 S2 1.4108 S3 1.4052	Hi 1.4284 1.4327 Low 1.4169 1.4125
Japanese Yen Sep JYU9	2 Day ROC Buy Low Breakout Cont. Setup	R3 1.0854 R2 1.0793 R1 1.0732 DP 1.0666 S1 1.0605 S2 1.0539 S3 1.0478	Hi 1.0734 1.0783 Low 1.0608 1.0559
Swiss Franc Sep SFU9	Low Breakout Cont. Setup	R3 0.9513 R2 0.9471 R1 0.9430 DP 0.9383 S1 0.9342 S2 0.9295 S3 0.9254	Hi 0.9432 0.9466 Low 0.9344 0.9310

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle Aug FCQ9	90-10 Low Cont. & Rev Momentum Pinball Buy	R3 105.200 R2 104.550 R1 103.900 DP 103.550 S1 102.900 S2 102.550 S3 101.900	Hi 103.750 104.132 Low 102.750 102.368
Live Cattle Aug LCQ9	Momentum Pinball Buy	R3 87.950 R2 87.308 R1 86.667 DP 86.233 S1 85.592 S2 85.158 S3 84.517	Hi 86.563 86.973 Low 85.488 85.077
Lean Hogs Aug LHQ9	Momentum Pinball Buy	R3 65.300 R2 64.367 R1 63.433 DP 62.767 S1 61.833 S2 61.167 S3 60.233	Hi 63.300 63.911 Low 61.700 61.089
Pork Bellies Aug PBQ9	2 Day ROC Sell Wide Range Downside Rev Low Range Close Momentum Pinball Buy	R3 72.500 R2 69.500 R1 66.500 DP 64.750 S1 61.750 S2 60.000 S3 57.000	Hi 65.875 67.690 Low 61.125 59.311

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn Sep CU9	2 Day ROC Sell Low Range Close High Breakout Cont. Setup	R3 332^2 R2 325^2 R1 318^4 DP 314^2 S1 307^4 S2 303^2 S3 296^4	Hi 317^0 321^2 Low 306^0 301^6
Wheat Sep WU9	NR7 Signal 2 Day ROC Sell High Breakout Cont. Setup	R3 558^2 R2 550^4 R1 542^4 DP 536^4 S1 528^4 S2 522^4 S3 514^4	Hi 541^6 547^0 Low 527^6 522^4
Soybeans Aug SQ9	2 Day ROC Sell	R3 1072^4 R2 1053^2 R1 1033^6 DP 1019^6 S1 1000^2 S2 986^2 S3 966^6	Hi 1031^2 1044^0 Low 997^6 985^0
Soybean Meal Aug SMQ9	2 Day ROC Sell	R3 343.4 R2 336.4 R1 329.3 DP 323.4 S1 316.3 S2 310.4 S3 303.3	Hi 328.8 333.8 Low 315.8 310.8
Soybean Oil Aug BOQ9	2 Day ROC Sell Momentum Pinball Buy	R3 36.11 R2 35.66 R1 35.22 DP 34.87 S1 34.43 S2 34.08 S3 33.64	Hi 35.17 35.47 Low 34.38 34.07

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil Sep CLU9	2 Day ROC Sell	R3 68.83 R2 67.76 R1 66.68 DP 65.61 S1 64.53 S2 63.46 S3 62.38	Hi 66.69 67.51 Low 64.53 63.71
Heating Oil Aug HOQ9	2 Day ROC Sell	R3 1.8002 R2 1.7663 R1 1.7323 DP 1.7034 S1 1.6694 S2 1.6405 S3 1.6065	Hi 1.7298 1.7539 Low 1.6669 1.6429
Natural Gas Aug NGQ9	NR4 with an Inside Day 2 Day ROC Buy	R3 3.884 R2 3.824 R1 3.765 DP 3.685 S1 3.626 S2 3.546 S3 3.487	Hi 3.775 3.828 Low 3.636 3.582

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold Aug GCQ9	Inside Day 2 Day ROC Sell	R3 963.3 R2 957.8 R1 952.4 DP 948.3 S1 942.9 S2 938.8 S3 933.4	Hi 951.6 955.3 Low 942.1 938.5
Silver Sep SIU9	Inside Day 2 Day ROC Sell Low Range Close Momentum Pinball Buy	R3 13.940 R2 13.786 R1 13.632 DP 13.541 S1 13.387 S2 13.296 S3 13.142	Hi 13.601 13.694 Low 13.355 13.262
Copper Sep HGU9	2 Day ROC Sell	R3 2.5585 R2 2.5227 R1 2.4868 DP 2.4587 S1 2.4228 S2 2.3947 S3 2.3588	Hi 2.4830 2.5074 Low 2.4190 2.3946

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice Sep OJU9	NR7 Signal 2 Day ROC Sell High Breakout Cont. Setup	R3 105.70 R2 104.52 R1 103.33 DP 101.82 S1 100.63 S2 99.12 S3 97.93	Hi 103.50 104.53 Low 100.80 99.77
Sugar Oct SBV9	Low Breakout Cont. Setup	R3 18.29 R2 18.13 R1 17.96 DP 17.79 S1 17.62 S2 17.45 S3 17.28	Hi 17.97 18.10 Low 17.63 17.50
Cocoa Sep CCU9	NR7 with an Inside Day 2 Day ROC Sell	R3 2933 R2 2914 R1 2894 DP 2866 S1 2846 S2 2818 S3 2798	Hi 2899 2917 Low 2851 2833
Coffee Sep KCU9	NR4 Signal 2 Day ROC Sell Low Breakout Cont. Setup	R3 125.90 R2 124.77 R1 123.63 DP 122.37 S1 121.23 S2 119.97 S3 118.83	Hi 123.70 124.62 Low 121.30 120.38
Cotton Dec CTZ9	2 Day ROC Sell Wide Range Downside Rev 90-10 Low Cont. & Rev Momentum Pinball Buy	R3 68.10 R2 66.05 R1 64.00 DP 62.93 S1 60.88 S2 59.81 S3 57.76	Hi 63.51 64.70 Low 60.39 59.20

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.

Terms and conditions: Use of The Pattern Trapper Newsletter is granted to the subscriber of record only. Any abuse of subscriber privileges will result in denied access without a refund. All materials are copyright © 2009 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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