Cycle Day 2 (CD2) unfolded as expected, ranging between anticipated cycle support (2090.00) and Three-Day Pivot (2107.00). Current swing is in the downward direction and as such selling bounces is the current strategy until key decision levels, 2104, 2108, 2112 … Continue reading
Yesterday was an amazing trading session displaying the accuracy of the 3-Day Cycle parameters. First, the projected Low Of Day (LOD) calculated 2088.75…Actual LOD was 2088.25. Second, Max Average Range (MAR) on CD1 was 22.00…MAR + LOD = 2110.25 which … Continue reading
Yesterday was a perfect Cycle Day 3 (CD3), as price pushed above prior high sucking-in the last buyer at 2118.25 outlined in Scenario 1 of Prior DTS 04.27.15. Violation of 2114.75 forced a price reversal which took price down to … Continue reading
Bulls regained full control last week as price has cleared above highs of recent trading range. This clears the way for new contract highs in S&P following on the heals of Nasdaq and Russell 2000 price strength. Today is Cycle … Continue reading
Price reached our projected HOD target (2113.25) outlined in prior Daily Trade Strategy 04.23.15. Here is excerpt: “Today is Cycle Day 1 (CD1)…Possible High = 2113.25 based upon average penetration of CD3 high.” Today is Cycle Day 2 (CD2)…Having reached … Continue reading
Same Story…Different Day…Range Trade continues within established boundaries. Down thrusts are losing momentum as well as up thrusts. Current range has also narrowed between 2080 – 2105. Until either of those levels are decisively converted, expect more of the “same … Continue reading
Global instability…Mixed Corporate Earnings…has kept investors/traders on the sidelines while the algorithms push price upwards and downwards intra-day creating consternation and concern about the markets next direction. Until price clears 2110 handle on upside, it’s more of the same multi-week … Continue reading
Bullish action continues to expand price higher to yet again test upper edge of multi-week trading range. There are signs favoring an upside resolution, but has yet to occur. As such until price clears and converts 2110 handle, we will … Continue reading
Thursday’s failure to exceed prior high 2104 level created a Double Top formation which ultimately lead to Friday’s deep sell off when 2092 was violated. “Gap n Go” Open Range had lots of bearish energy which forced price to exceed … Continue reading
After successfully testing Cycle Day 1 Low for surety, S&P (ES) rallied throughout the session to test the upper pivot at 2104 handle. Late day rejection with $700M Closing Sell Imbalance continues to hint at distribution by the BIG BOYZ. … Continue reading