The Pattern Trapper
July 15th 03, 01:31 AM
Pattern Trapper Bi-Weekly Report for trading on Tuesday, July 15, 2003
The Pattern Trapper Bi-Weekly Report identifies important conditions and
significant price levels for trading the S&P 500, Nasdaq 100, and T-Bond
futures markets on Tuesday and Thursday of each week. The publication deadline
is 9:00PM Central Time on the evening before the targeted trading day. The
service is free. You can register to receive the report at
http://www.PatternTrapper.com/ReportRequest.shtml
================================================== ======
SEPTEMBER S&P 500
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
WIDE RANGE DOWNSIDE REVERSAL Signal
Yesterday's action likely marked a significant intermediate term turning point
with more downside to follow.
LOW RANGE CLOSE Signal
80-85% chance that today's low will be less than yesterday's.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 1029.30
R2: 1020.40
R1: 1011.50
DP: 1005.90
S1: 997.00
S2: 991.40
S3: 982.50
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 1015.39
High Normal: 1009.85
Low Normal: 995.35
Low Extend: 989.81
================================================== ======
SEPTEMBER Nasdaq 100
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
THERE ARE NO PATTERN SIGNALS FIRED FOR TODAY'S TRADING
Use price action relative to important support and resistance levels to guide
us in our trading strategy. In today's early going pay particular notice to
price behavior in relation to the 1303.83 Daily Pivot. Significant activity
above this level will imply further upside. Activity below will hint at
further downside.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 1348.00
R2: 1331.83
R1: 1315.67
DP: 1303.83
S1: 1287.67
S2: 1275.83
S3: 1259.67
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 1324.20
High Normal: 1313.50
Low Normal: 1285.50
Low Extend: 1274.80
================================================== ======
SEPTEMBER US T-Bond
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
2 DAY ROC SELL Signal
Short term swing patterns identify today as a 'sell' day.
WIDE RANGE DOWNSIDE REVERSAL Signal
Yesterday's action likely marked a significant intermediate term turning point
with more downside to follow.
90-10 LOW CONTINUATION Signal
Look for morning follow through on the weak close.
MOMENTUM PINBALL BUY Signal
A break of the first hour high is cause to become bullish.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 117-28
R2: 116-26
R1: 115-24
DP: 115-06
S1: 114-04
S2: 113-18
S3: 112-16
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 116-04
High Normal: 115-16
Low Normal: 113-28
Low Extend: 113-08
************************************************** ************
The Pattern Trapper is a daily educational newsletter that combines pattern
recognition techniques, tape reading skills and a few simple indicators to
identify higher probability, lower risk trade set-ups.
For additional info and a free two week trial visit
http://www.patterntrapper.com/
To learn how to use these remarkably effective trading techniques visit
http://www.patterntrapper.com/coursetitlept/course.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~
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 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.
The Pattern Trapper Bi-Weekly Report identifies important conditions and
significant price levels for trading the S&P 500, Nasdaq 100, and T-Bond
futures markets on Tuesday and Thursday of each week. The publication deadline
is 9:00PM Central Time on the evening before the targeted trading day. The
service is free. You can register to receive the report at
http://www.PatternTrapper.com/ReportRequest.shtml
================================================== ======
SEPTEMBER S&P 500
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
WIDE RANGE DOWNSIDE REVERSAL Signal
Yesterday's action likely marked a significant intermediate term turning point
with more downside to follow.
LOW RANGE CLOSE Signal
80-85% chance that today's low will be less than yesterday's.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 1029.30
R2: 1020.40
R1: 1011.50
DP: 1005.90
S1: 997.00
S2: 991.40
S3: 982.50
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 1015.39
High Normal: 1009.85
Low Normal: 995.35
Low Extend: 989.81
================================================== ======
SEPTEMBER Nasdaq 100
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
THERE ARE NO PATTERN SIGNALS FIRED FOR TODAY'S TRADING
Use price action relative to important support and resistance levels to guide
us in our trading strategy. In today's early going pay particular notice to
price behavior in relation to the 1303.83 Daily Pivot. Significant activity
above this level will imply further upside. Activity below will hint at
further downside.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 1348.00
R2: 1331.83
R1: 1315.67
DP: 1303.83
S1: 1287.67
S2: 1275.83
S3: 1259.67
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 1324.20
High Normal: 1313.50
Low Normal: 1285.50
Low Extend: 1274.80
================================================== ======
SEPTEMBER US T-Bond
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
2 DAY ROC SELL Signal
Short term swing patterns identify today as a 'sell' day.
WIDE RANGE DOWNSIDE REVERSAL Signal
Yesterday's action likely marked a significant intermediate term turning point
with more downside to follow.
90-10 LOW CONTINUATION Signal
Look for morning follow through on the weak close.
MOMENTUM PINBALL BUY Signal
A break of the first hour high is cause to become bullish.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 117-28
R2: 116-26
R1: 115-24
DP: 115-06
S1: 114-04
S2: 113-18
S3: 112-16
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 116-04
High Normal: 115-16
Low Normal: 113-28
Low Extend: 113-08
************************************************** ************
The Pattern Trapper is a daily educational newsletter that combines pattern
recognition techniques, tape reading skills and a few simple indicators to
identify higher probability, lower risk trade set-ups.
For additional info and a free two week trial visit
http://www.patterntrapper.com/
To learn how to use these remarkably effective trading techniques visit
http://www.patterntrapper.com/coursetitlept/course.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~
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 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.