Price reached our projected HOD target (2113.25) outlined in prior Daily Trade Strategy 04.23.15. Here is excerpt: “Today is Cycle Day 1 (CD1)…Possible High = 2113.25 based upon average penetration of CD3 high.” Today is Cycle Day 2 (CD2)…Having reached … Continue reading
Same Story…Different Day…Range Trade continues within established boundaries. Down thrusts are losing momentum as well as up thrusts. Current range has also narrowed between 2080 – 2105. Until either of those levels are decisively converted, expect more of the “same … Continue reading
Global instability…Mixed Corporate Earnings…has kept investors/traders on the sidelines while the algorithms push price upwards and downwards intra-day creating consternation and concern about the markets next direction. Until price clears 2110 handle on upside, it’s more of the same multi-week … Continue reading
Bullish action continues to expand price higher to yet again test upper edge of multi-week trading range. There are signs favoring an upside resolution, but has yet to occur. As such until price clears and converts 2110 handle, we will … Continue reading
Thursday’s failure to exceed prior high 2104 level created a Double Top formation which ultimately lead to Friday’s deep sell off when 2092 was violated. “Gap n Go” Open Range had lots of bearish energy which forced price to exceed … Continue reading
After successfully testing Cycle Day 1 Low for surety, S&P (ES) rallied throughout the session to test the upper pivot at 2104 handle. Late day rejection with $700M Closing Sell Imbalance continues to hint at distribution by the BIG BOYZ. … Continue reading
Strong and persistent buying was yesterday’s call with a “Gap n Go” that held above Open Range early ultimately reaching our projected upside target between 2103 – 2104.25 outlined in prior DTS Report 04.15.15. Overnight and early morning trade has … Continue reading
The 3-Day Cycle Pattern has been in perfect Sync recently as our Price Range Projection Target Zone continue to hold true. This increases confidence in establishing swing positions as well as intra-day directional trades from “Key Decision Zones”. Our expectation … Continue reading
Monday’s Daily Trade Strategy 04.13.15 was spot on with both Scenario’s playing out nicely as early strength hit upper price target only to reverse and by settlement hit lower price levels outlined. Here are couple excerpts: Scenario 1: “IF price clears and … Continue reading
Last week was positive for the Bulls…Following a few day consolidation price pushed higher to end the week strong. With a decent tailwind favoring the Bulls further gains appear likely as this week begins. Just a reminder that this week … Continue reading