A fast note on some great setups for mid-week. Charts are showing up very clear, Markets have digested the current Russian news and looks to be eye-balling new highs. Before getting to excited we have a FOMC Rate decision and more taper talk scheduled for 2:00 pm tomorrow. Last appearance from Chair Janet Yellen was received very bullishly by the markets. I can't see much different this time around. As long as the issues are out in the open this market seems to fear nothing. Expect the unexpected to stop this market in it's tracks. Good luck on figuring out when that will happen. Until then business as usual lets continue to profit and be disciplined.

SPX  healthy Flag and bullish crossover. A cross back over negative would be something I would consider very bearish.

Great Flags right now

"X" Marks the Spot Trade

One of this Week's Best Bet was $LULU I want to show you 2 charts that show how to time a channel entry the Entry on LULU was seeing the 60 min stochastic coiled up as we were already oversold on the daily. The 60 min time frame really tightened up as the price touched the lower channel line that was part of a 1-2-3 pattern.

Even though I would have loved 44.00 on this the dual time frame and the coil made me want to get in.

And here is another Coil that is forming in the markets this week. 

Well hope you got something out of that. See everyone tomorrow morning live here on daytradingradio.com

DayTraderRockStar