Buy or sell the stock market? Price action will tell us: 8/6/15

We are trading around a critical Origination Point (OP) right now, The price action will tell us whether to buy or sell

The potential FH1 on the daily chart tilts us toward a short bias, BUT if we don't break below OP and fail to form value zone below the OP, we are looking for BOT to take long. PRICE ACTION WILL TELL US WHAT TO DO.

How to trade the PM long, AXP short play: 8/5/15

Below we have what we're looking for from an execution stand-point for the long Philip Morris International, short American Express trade.

Acronyms are discussed in prior posts. If you would like details on anything discussed in this post, please post a comment and we will respond promptly.

Long PM

Short AXP

Long signal forming on stock market: 8/5/15

It looks like our low may have been put in at 17,319 temporarily on the Dow Futures. If BOT is successful, that statement will be strengthened. We had a pullback to OP of up move last week on Tuesday. We had a bear trap- failure to continue lower (blue circle) after hours last night and today we have a potential break of trend long on the 1 hour Dow Futures with a down trend line retest.

Below chart has details: