Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.


Bullish Scenario for End of Day
By Mike Paulenoff, MPTrader.com

The markets have been flat the last three hours. Into the opening we had a dip in the futures, and the E-mini Sept S&P got right down to a critical level along the June 1 trendline, about the 1126 level. It held right there and pivoted to the upside.

That 1126 level is the lowest support line of a triangle coil type of pattern that's contained all the price movement since June 8. So, when we pivoted off of 1126, it took off and went to the top of the coil -- actually through it -- and broke above 1137

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!