Drink From The Cup
The cup and handle is a pattern that is more commonly associated with the
intermediate-term time frame, but in actuality it can often be a prelude to a
breakout for the daytrader.
13:09:50
Intraday Setup Alert
The E-Mini S&P futures contract (ESU2)
is breaking out to a new intraday high. ESU2 is up 9.50 at 903.25.
Soon after the 13:09 alert, the stock runs out of the cup and
handle from Monday and today for a 9 point gain, then for good measure, makes
another 5-point run out of the pullback from the intraday high.
Make it a habit to immediately check the appropriate chart when
the alert comes across TradersWire.
You may just find something that could make your entire day a success.
Until tomorrow,