ES Update

(click image to enlarge)

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ES has reached the IT (and ST) partials target netting +56 points from the June 29th setup pointed out at the following post:

http://stopsandtargets.com/members/futures/blog/?p=2396

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Initial selling from profit-taking at that 1354.25 target has broken the VST channel as well as painting an outside bar around yesterday’s low and high.

ES 1338.50 is now the line in play, defining a trending move on a cross back above (targeting 1368), or a ST counter-trend sell below.  Next downside target is a backtest of the ST trendline breakout level at 1325.50

…my .02

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S&T has enabled free full access passes for all current and former members today.

I am assuming that everyone has ‘full access’ today, but just in case you didn’t get an email from Stops and Targets, I have copied the instructions and coupon access code below.

Stops and Targets may look very different to some members who haven’t been here since the original version. I got an email this morning asking me how to best take advantage of a 24-hour pass. Well, I would start with a visit to the Big Picture Blog, of course… and here you are 🙂

I would recommend reading the recent series of ‘workflow’ posts to get a quick start overview of how best to navigate the analysis pages to get maximum information in the minimum time. I know most of you knuckleheads don’t bother to read the user guide, so I’ll make it easy on ya’…

1) Start by clicking on the ‘June 2011’ link under ‘Archives’ on the right side of the page.

2) Scroll down to June 8th entry and then read June 29th entry, then yesterday’s (July 7th) and you should be good to go.

Some of you may also be interested to see how the recent top spotter to bottom spotter transition was handled, and if so, the posts around June 16th and June 20th may be helpful.

The rest of the blog archives are also available for anyone who wants to go back and look into specific trading setups over the past couple of years to see how they were analyzed.

Mostly, I would take the opportunity to dig deep inside Stops and Targets, especially in the Signals Matrix and Equity Analysis tabs to read all the various reports and look at as many individual stock symbols as you can to see the different types of trade setups.

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To activate your day pass (not necessary for Full Access members)

1) Log in to your existing account settings page at the following link:

http://www.stopsandtargets.com/amember/member.php

2) Select ‘Single Day Pass’ from the drop down list under ‘Add/Renew Subscription’

3) Enter the following coupon code in the box just below:

7F9B8D4893

…and you will have 24 hours of free access to all areas of Stops and Targets, including ‘Indexes and Futures’, ‘Equity Analysis’, the ‘Signals Matrix’, and ‘Watchlist’.