Yesterday capped another positive 3-Day Cycle as price retraced back to January 23rd breakdown level. Bulls are clearly in control, so the trade strategy is simply “Stay the Course” of buying pullbacks to key reference zones. Current momentum seems to … Continue reading
Monthly Archives: February 2014
Following strong rise on Tuesday, price took a well needed time-out to catch it’s breath in prior session. Early opening strength could not hold as price retraced back into our expected support at 1812, then consolidated between 1812 – 1818. … Continue reading
Yesterday’s testimony from Janet Yellen was warmly embraced by the financial markets as evidenced heavy institutional buying pushing indexes up more than one-percent. Looks like we have our question answered of past two sessions…It’s clear that Bulls are squarely back … Continue reading
Market’s overnight are relatively quiet with a slight upward bias ahead of new Fed Chair, Janet Yellen’s semi-annual testimony to the House Financial Service Committee. Policy changes seem unlikely, though market watchers will be looking for any hint of change … Continue reading
Following a three-month hiatus, I’d like to welcome you to the PolarisTradingGroup Blog and Trading Room. Capping a volatile week where S&P mini sold off 50 handles from 1780’s down to 1730’s where there resides Major Support, only to have … Continue reading