S&P 500 Index closed the month and quarter with a MOC Sell Imbalance of $2.2B, settling price on the lows of session. Overnight trade continued to push lower to reach the 52-Day Midpoint (Senkou B), at which time strong buy … Continue reading
Yesterday finished the session with a strong auction closing just off highs and surpassed Cycle Targets. Keep in mind that the 10-day Average Daily Range now stands at 22.90 handles, so it should come as no surprise that current cycle … Continue reading
Price action oscillates from periods of compression to periods of expansion…Last weeks action began as expansion and ended as compression…Overnight trade has expanded upwards, currently by +10 handles testing the 2065 – 68. NOTE: 2068.75 represents the 5-Day Volume Trend … Continue reading
Buyers responded to recent price weakness resulting in an oversold rally which reached our projected retracement level (2055.75) outlined in DTS 03.26.15 Scenario 1. In overnight trade price retested prior high (2058.75) and was rejected, pushing price back down to Central … Continue reading
S&P collapsed under it’s own pressure as key support 2078 handle was violated settling near FED Day Low. Overnight trade continued to push price lower to TargetMaster Breakdown Level 2038, with deep extreme near March 12th pivot low.This recent price … Continue reading
Latest Cycle Targets had been fulfilled early (2107) following FED Announcement last week. Failure to expand further setup yesterday’s sell-down following attempts to auction higher were thwarted by sellers at 2101 handle. We had projected the possible session low to … Continue reading
Monday’s price consolidation was exactly what we were looking for following strong price action into last week’s settlement. Daily Trade Strategy 03.23.15 Trading range was relatively narrow at 7.75 handles with very few setups…Scalpers had intra-day control as volumes were below … Continue reading
S&P 500 Index is within striking distance of making new highs following solid performance on the heals of FED announcement. Options expiration and index re-balancing was the main action on Friday as price held strong bid throughout the session. Initial … Continue reading
As outlined in Scenario 2 of yesterday’s Daily Trade Strategy 03.19.15 S&P e-mini found support at projected low-of-day (2078.00) and consolidated the Fed Day sharp run-up. In overnight trade, prior day’s low has held firm and is currently up by … Continue reading
Janet Yellen Delivers! As expected the word “patient” was removed from policy language, which the market was anticipating an increase in interest rates as early as April – June. The central bank said it would raise rates when it is … Continue reading