Question Steve.  If I had wanted to trade the breakdown out of the sideways channel on the daily chart, would it have been valid to trigger off the break of the lower trendline itself?  If so, where would my initial stop have been placed?  Thanks!

It looks really close but I'm not 100% sure.  Can you guys confirm?

My understanding is that when small caps positively diverge from the large caps it usually means a bounce is coming.

I'm watching gold as well.  Stop under the low at 1172.50?

Nice.  Could you explain a bit more what was the hidden divergence?  Also, do you usually use the 30 min chart when trading crude?

Was there any decent way to trade that move?

Hi guys, if I've studied the tutorials correctly, with today's move Crude Oil broke symmetry from the downtrend AND completed 3 white soldiers, yes?

OK I think I'll sit tight then and wait for another more solid setup.  Thanks.

Hey Matt, I took the ES trade and closed it out at the 5EMA.  Now that ES has moved back up near the low of yesterday's doji, is it still valid to re-short again with a stop above yesterday's high?

I just went through the 3.5 hr tutorial, and had a question on trading the S&P via the futures.  With respect to 50% retracement triggers, given the difference between the cash index and the futures should I be keying off the cash index levels or the futures levels to trade the ES?  Thanks.

Hey Matt, I went long the S&P based on the false BPT signal, should I just dump out of it at this point?

I think I see the line has changed to white all the way at the right side of the chart, but at the top of the page it still says current system status is green.  Matt or Steve, can you clarify?  Thanks!