Welcome to the video update for Monday, November the 22nd.   My apologies for the delay but the problem has been identified and resolved.   Lots of reports due out on Wednesday morning, markets are closed on Thursday for the US Thanksgiving holiday, and early closes on Friday so check the exchanges for specific info.   First chart up is the monthly EUR/USD pair where we are watching closely to see where November closes.  A close below 1.3618 would confirm a 9/30 short setup.  The weekly and daily EUR/USD pair charts are also discussed.

In gold, price is still making higher highs and higher lows, but see what the MACD is suggesting.  

Trader Rick discusses a 3 candlestick pattern on the weekly crude oil chart.  Will the 80 level hold as support? 

Last charts up are the ES starting with the weekly where a 3 candlestick pattern did not develop this past week.  Note the 2 bar chart.  The open on Monday will be important in terms of where we open. 

Good trading!

Welcome to the video update for Monday, January 25th.  First chart is the eurostoxx 50 weekly where price may be approaching near term support.  The daily chart shows price breaking an ascending triangle, creating a top, then reversing the trend, retracing down thru the apex of the triangle.  Trader Rick discusses the 13500 volume chart where the sell zone lines up with the fib zone.  Watch price action IF it enters the sell zone.

Moving to the gold weekly chart, price is currently in the near term support zone.  Overhead targets are still in play.  Take a look at the 60 minute gold chart where you will see price tested a previous swing low.

Next up is the weekly EUR/USD chart where we will be watching to see if price rallies in to the sell zone.  Note where support is.  The daily chart is also illustrated.

The daily euro currency chart shows price testing the .786 fib level.  Will price find support here?

On the Canada weekly chart, last week completed a 3 candlestick pattern.  where will support come in? Trader Rick shows the daily Canada chart with a possible ascending triangle or an ab=cd pattern.

Next chart is the crude weekly where a 1-2-3 pattern is a possibility.  Targets are given for this pattern.  The daily crude chart is very interesting.  Take a look at it.

Next up is the S&P cash weekly/daily/60 minute charts, followed by the NQ 60 minute, YM daily, the ER 60 minute and two ES charts with Trader Rick’s comments.

Good trading!   (…and use stops!)