Cycle Day 3 — Lazy, Hazy, Crazy Days of Summer Tuesday opened with the statistical mission already accomplished. Overnight, ES solidly defended the 7775 Line in the Sand and pushed higher to fulfill the 7795 upside objective. More importantly, price … Continue reading →

Cycle Day 2 — Balance Means Balance Monday kicked off the new trading week with a fairly straightforward assignment: Cycle Day 2 + normal MATD rhythms. And unlike those days when Mr. Market decides to rewrite the playbook before lunch… … Continue reading →

“You Are Free to Move About the Cabin…” FRYday arrived with the bulls already holding a boarding pass. The overnight session respected the 7730 Line in the Sand (LIS), held above it, and proceeded to deliver the 7745 initial upside … Continue reading →

Alignment Beats Ego… Again. The market did exactly what markets have been doing since traders first started yelling under a buttonwood tree… It rewarded discipline. And it punished opinions. Apparently the market still hasn’t subscribed to everyone’s social media feed … Continue reading →

Cycle Day 2: The Market Installed New Shock Absorbers Wall Street spent today doing something most retail traders refuse to do… Slow down. After the last two sessions had traders checking whether their P&L could legally be classified as fireworks, … Continue reading →