Friday’s Boomerang with Daily Directional Forecast numbers

Posted on 21. Jun, 2010 by Johnnyr in Daily Recap

Good morning.

Johnny here with some new developments for the blog. Going forward I am going to be posting the Boomerang charts with comments along with Mohan’s Daily Directional Forecast and the really accurate support/resistance numbers from his site.

So many of his subscribers are Boomerang users and his newsletter is the perfect companion for Boomerang or any day trading system following stock indexes.

Mohan first gives his Market Force Indicator bias reading for the session which takes him 2-3 hours a night to compress into one call. It is composed of his 18 proprietary indicators plus algorithms on 2-5-13-30-60-135-240 and daily charts. In addition to that he uses elaborate volume studies and the results are very accurate for forecasting the next days action.

So here we go with our first blog along these lines. I am expecting to do this continously now to give our Boomerang users much more clarity in picking trades and leaning on the correct bias to catch the runners more .

These are the charts for Thursday as Mohan does not make a Daily Directional Forecast on Option Expiration fridays (3rd friday of each month)

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Tags: day trading, e-mini, emini, indicator, S&P 500, scalping

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Friday’s Boomerang with Daily Directional Forecast numbers

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