God Bless Our Troops!

In yesterday’s DTS Briefing we highlighted that price had reached initial 3-Day Cycle targets, and that any additional strength could carry higher into 1892.25 – 1894.50 zone. The actual high of day was 1894 even…so effectively a dead hit. Bullish price structure and directional momentum remain intact ahead of the long Memorial Day weekend. Our recent trade strategy of buying the pullbacks has worked nicely, so there is no change in trade bias.

Overall trade hypothesis remains the same with some minor adjustments. IF price can penetrate the 1894 level and convert, THEN upside potential targets 1896.00…1898.50 followed by 1900 – 1902, with layered extremes up through 1908.

IF Cycle High is complete, THEN pullback zones of recent acceptance are 1884 – 86…1880 – 82…Very strong support zone between 1876 – 78.

We are anticipating a relatively slow trade session ahead of holiday weekend…As such, we will remain acutely disciplined in trade selection and management…AS ALWAYS!

*****PROGRAMMING NOTE

There will a PASSWORD CHANGE to access the Trading Room next week, so if you are currently a trial guest, and are interested in joining the PTG Trading Group, you will need to subscribe prior to next Tuesday. Below is membership subscription options page:

http://polaristradinggroup.com/subscriptions/

 

*****This weekend the United States honors Our Brave Fallen during Memorial Day ceremonies. Please take some time to remember those Men and Women (True Hero’s) that have given the ultimate sacrifice to preserve precious freedoms that we take for granted. 

Polaris Trading Group is a Proud Sponsor of Wounded Warrior Project in support of those brave Soldiers that continue their personal fight back home to perform simple life tasks because of their battlefield injuries. Please find it in your heart to contribute a small amount today to the Wounded Warrior Project in support and honor of these brave men and women.

Wounded Warrior Project Link: http://www.woundedwarriorproject.org/

Thank You and God Bless Our Troops!

David

Habitude Eleven
I am courageous and I always act, even in the face of uncertainty and possible loss. Do not say, no fear. Feel the fear and act anyway. I may be frightened, but I still saddle up. I am not reckless. I act promptly in accordance with my methodology. I respect my calculations. I have a healthy respect and I balance that respect with my courage. I am an explorer. I am on a hero’s journey.


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