Mr. Market’s Three-Day Cycle Rhythm of establishing an extreme low swing followed by an up swing to an extreme high has hit on cue for several cycles now during current consolidation phase.
The current swing is bullish having reached initial targets in overnight trade at 1890 handle. IF price can penetrate this level, THEN additional upside price targets 1892.25 – 1894.50, followed by extreme high at 1898.50.
IF this Cycle High is complete, THEN pullback to 1880 – 1882 zone is anticipated to illicit a buy response. Layered zones of acceptance have been 1876 – 78 with Three-Day Central Pivot Zone 1872 – 75.
Trade Strategy will be buy pullback to key reference zones highlighted above as larger degree price action continues to favor the bullish case. STAY DISCIPLINED!
Remain Focused on the Trading Process….Not the Outcome….ALWAYS USE STOPS!
*****We would like to extend a Warm Welcome to PTG’s newest Member:
*****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
I know anything can happen, and I can handle anything that does happen. I am open minded. My thoughts and perceptions are clear. I know what to look for. I have rehearsed everything. I adapt to change. I will listen to my indicators and the patterns that emerge. I will adjust and not demand that things continue as they first started.