What’s up, VWAPians!

The Fractal Assassin – 8-Baller – here.

Yesterday it was time for Warlock’s World to take over Money Morning LIVE.

Between Kenny and I, we accounted for almost the entire day of programming…

Because we’re that. Damn. Good.

CLICK HERE FOR TODAY’S WARLOCK’S WATCHLIST

Most of the Money Morning LIVE crew is busy “on set” today, so today it’s MY TURN to take the spotlight.

Hi, I’m 8-Baller. I win a lot.

You may know me as the Warlock’s right hand man in Warlock’s World – and today I’m going LIVE from 9:15 a.m. to 10:30 a.m. ET in the BIG ROOM RIGHT HERE.

This is the second day in a row of a free look at programming that’s usually exclusive to Warlock’s World members…

Lucky for you, you’re getting this opportunity to make money – but you gotta PAY ATTENTION.

Yesterday during the Daily Decode live stream, I was chartin levels and patterns (my specialty), on E-Mini S&P 500 Futures (/ES).


Defining levels and trends on the E-Mini Futures

The chart above may be a little hard to see, so let’s blow up the bottom right corner, or the significant part of the chart, which I was analyzing in real time.


X marks the spot

Based on PRICE ACTION and significant trend lines, I called out to Warlock’s World members that around the 4365 level on /ES Futures could be a significant level for a turnaround to the upside.

(This price area is highlighted on the chart above by the yellow arrow.)

Even though the price action was currently in a fairly sharp downward trend, that appeared to be a key level based on prior price action.

I always say that I am a professional knife catcher.

Hesitation kills in this game. You’ve GOT to take what you can SEE, what the market TELLS YOU, step in and buy the blood.

WHO CARES if any stock is still in a “downward trend.”

I told Warlock’s World members to stop obsessing on being right and to focus on making money.

That’s because at the time, the market was getting WHACKED.

From that level, /ES Futures rallied back above VWAP, rising back up to the 4400 level.

That’s a 35 point move!

Not everybody can trade /ES Futures. There’s also the Micro E-Mini S&P 500 Futures (/MES) and of course, State Street’s S&P 500 ETF (SPY) stock.

That same bounce for SPY was a $2 per share move! That’s a $2,000 profit on 1,000 shares!

Of course, I took a look at the markets and some other stocks that Kenny traded such as Etsy (ETSY) and Peabody Energy (BTU).

But my futures trade deserved a revisit later in the day.

EVERY trade you make – REVISIT!

This time it was the /MES Futures, which follow the same levels as /ES Futures, but the contracts are 1/10 the cost.

After rallying from the low that I called in REAL TIME, /MES Futures failed VWAP and were on a significant downward trend again.

OHHHHHHH LOOKIE WHAT HAPPENED!


REVISIT!

The /MES Fturues came back to THE SAME PRICE LEVEL.

After forming the finish of the Kardashian Bottom pattern taught in Warlock’s World, the /MES Futures ripped into the close.


What to what? Blue line to orange line

Futures TOOK OFF, screaming through VWAP and headed for the multiday VWAP.

Blue line to orange line.

From that same bottom around 4365, futures rose to the same high of 4400.

That’s another 35 point move.

Throughout the day, the market had a lot of noise. A lot of CHOP.

I take out the noise to make things actionable.

I come in to trade and to teach. Your learning curve goes parabolic in Warlock’s World.

And lucky for YOU, I’m coming into the BIG ROOM today at 9:15 a.m. RIGHT HERE.

So if you’ve never seen me and WHAT I DO – BE THERE.

8-Baller, out.


Kenny “The Warlock” Glick


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