In yesterday’s trade we knew there was good odds, 71% of a decline greater than 10 handles occurring on Cycle Day 1 (CD1)…The high of session came early at 2073.00…then the decline began pushing price down to 2062.75…10.25 handles..BINGO! Odds … Continue reading
Price of S&P e-mini traded in a very narrow 4 handle range in prior session, influenced by Thanksgiving Holiday week…typically volumes contract significantly, so no real surprise. Nasdaq (NQ) and Russell (TF) were the out-performers on a relative basis…We should … Continue reading
As the Thanksgiving Holiday week begins, let us all take time-out to reflect on how fortunate we are and express our deep gratitude for life. POBC joined in the “money easing game” by lowering interest rates to spark economic growth…So … Continue reading
S&P e-mini has vaulted to the upside in overnight trade, currently plus 14.50 handles, exceeding all Cycle Targets and Range Parameters! We are not going to post the typical price targets usually displayed daily, since all have been exceeded and … Continue reading
Early weakness in S&P e-mini found responsive buyers within the Three-Day Central Pivot Zone (3D CPZ) as laid out in yesterday’s DTS: Trade Strategy 11.19.14. Failure to expand the range to upside shows internal price weakness in the short-term…hence, expectation … Continue reading
S&P broke out of recent trading range propelling price upwards to our Cycle Expansion Targets outlined in yesterday’s DTS: Trade Strategy 11.18.14 Slight pullback in overnight price allowing for digestion of recent gains. Having reached and exceeded cycle expansion targets, expectation … Continue reading
Early weakness in prior session probed lower to find a probable “secure low” at 2025.25 level on Cycle Day 1 (CD1). Price held bid throughout the day holding above its Open Range and VolumeTrend/Midpoint (VTMP). Price remains congested in a … Continue reading
Having made a new all-time high at 2043.75 last week, price has struggled to get back above 2038.50 on a closing basis, so this level will now be “key marker’ to penetrate and convert for high prices. Today is Cycle … Continue reading
Yesterday’s Daily Trade Strategy 11.13.14 placed odds at 57% of reaching TargetMaster Breakout Level 1 (2041.25) if Cycle Day 1 high was cleared and converted. Early strength pushed price up to anticipated target zone before “topping-out”…which was followed by aggressive … Continue reading
Today’s DTS will be an abbreviated version as I am traveling Thursday and will be absent from Trading Room. Bullish Structure remains solidly intact as price probed down to anticipated support 2026 – 2028 zone…See Wednesday’s DTS: Trade Strategy 11.12.14 … Continue reading