Early weakness in S&P e-mini (ES) pushed price right down into our anticipated support zone between 1976 – 1974 (actual LOD 1073.75) outlined in Monday’s DTS 02.02.15. Following a mid-day pullback into newly formed dynamic support (1990), price vaulted higher … Continue reading
S&P Index continued to “flip-flop” between bull n bears all last week without any real progress…At end of week price settled near lower end of range and again has the bull’s back against the “proverbial wall”. Violation and conversion below … Continue reading
Thursday’s trade action was a picture perfect Cycle Day 1 (CD1)…Odds favored a decline greater than 10…As price extended down to violation target of 1982.50 outlined in prior DTS 01.29.15. Once the last seller sold, Mr. Market, being more confident … Continue reading
Failure of S&P e-mini (ES) to clear and convert the Open Range Midpoint (2036.00) was an early “tell” that Selling was the dominant force underpinning market dynamics. Federal Reserve FOMC comments only added fuel to a smoldering tinder-box. Violation of … Continue reading
Negative earnings reports from a few high-profile companies yesterday, worked to push S&P e-mini (ES) below Cycle Day 1 Low down to average violation zone between 2012 – 2014…Actual LOD = 2013.25. Having confidence that a secure low was in … Continue reading
Early push lower in yesterday’s pre-market found potentially a “secure-low” at 3D CPZ 2026 – 2030 level…During Pit Session price pushed higher throughout the day settling at HOD. Overnight trade Tuesday has price lower by 12 handles with expectation of … Continue reading
Price consolidated gains during Friday’s session but was unable to hold those gains as price gave it up into settlement, closing on the lows. Overnight trade extending this weakness, as price traded down to Three-Day Central Pivot 2026 handle before … Continue reading
Our most optimistic upper price targets for yesterday’s session (2042.25) were easily surpassed with late day short covering acceleration rally which hit deep extreme STATX Level 2058.25 …Actual HOD 2059.25. Today’s extension targets 2067 – 69 zone. Today is Cycle … Continue reading
Yesterday was Cycle Day 1 (CD1) and as scripted in Scenario 2 of prior DTS 01.21.15, price probed lower to find a new “secure low” just above average decline target of 2004.00…Actual Low of Day was 2005.25. Once Mr. Market … Continue reading
Failure to hold gap higher during the Open Range resulted in aggressive selling with enough momentum to reach our lower price target of 1998.00 outlined in prior Daily Trade Strategy Briefing 01.20.15. With sellers flushed out at lows, bulls regained control … Continue reading