End-of-Day Analysis

It has come to my attention that some are having difficulty paying attention to intra-day swings. So let's try something a little more basic tonight.

Below is an end-of-day chart from one week ago, Tuesday, March 10th:

This is what I wrote at the time, about the chart:

Note, five waves down on the right and a new Daily Blue Wave Buy Bar on the left

Now here is the same chart, updated through today's trading:

The LONG signal has carried from 712.56 to 778.12.

Now I do not trade the Dailies because I find that the same principles can be applied to intraday time frames for more profitable and efficient capture of points. Although there are instances when just playing the end-of-day charts is the best course of action to take, I believe those are the exception to the rule. Nonetheless, the past week has seen a 60 point up move that was captured best with the end-of-day charts.

You can see from the Daily signals on the chart that even this long a time frame is a robust and profitable trading system. If for whatever reason changing course intraday is not for you, find something that works end-of-day (like this) and use it.

For intraday trading, here is a look at today's 60 minute chart:

My conclusion: Up and Topping

But I will await Down and Falling before going back Short

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