Prices opened firmer in prior session testing the upper edge of range (1828) and eventually got rejected, sending price back down to test symmetry support zone at 1810…Buyers aggressively stepped in to reverse price sending it back higher to close … Continue reading
Following a heavy week of selling, purveyors of Market Symmetry will be keying off the Overnight Low Zone 1803 – 1805 for support. This zone forms a very nice symmetrical AB=CD Pattern measured from 4/4 high down to 4/14 low. … Continue reading
Back on April 2nd, we issued cautionary blog note: “It’s looking more like a classic “Pump n Dump” scenario, rather than a new fresh up-leg. We think it’s time to become more defensive in our trading and not get carried … Continue reading
Yesterday’s blog post opined: “Having held key support, it is incumbent on the bulls to now move the ball (price) higher to confirm their intentions…” Well, the bulls never relinquished control and with the help of positively interpreted Fed Minutes, … Continue reading
The Bulls absorbed additional selling in prior session and held an important support zone between 1830 – 35. This zone now becomes the “key marker” on any future retest. Having held key support, it is incumbent on the bulls to … Continue reading
We’ve all heard the saying: “You’ve gotta have heart”…Do you really know what that means?…and have you ever experienced that emotional state? Of course you have…everyday when we trade, as the obstacles that prevent each of us from moving forward … Continue reading
Non-Farm Payrolls Release today will give market participants more evidence of job growth (or not)…Expectation is for an increase of +200K. Overnight action is light ahead of numbers trading just under PDH (1887.50)… IF price can penetrate PDH (1887.50) and … Continue reading
Detective Joe Friday (Dragnet) said: “Just the Facts, ma’am”…We’ll re-coin by saying: “Just the Numbers, ma’am”… Trading the financial markets is a numbers game, with a mixture of sentiment thrown in…but when we as traders stay true to the numbers, … Continue reading
There is no arguing that the Bulls have been stampeding price ever higher, barely without a pullback. It’s looking more like a classic “Pump n Dump” scenario, rather than a new fresh up-leg. We think it’s time to become more … Continue reading
It’s April 1st with all the classic joking that takes place around the globe in fun jest. Well it seems that nearly every day is April Fools’ for “Da Bears”, with each window of opportunity to profit keeps getting slammed … Continue reading