Friday’s rally took a pause yesterday for MLK Observance, but has reignited in overnight trade action pushing price upwards to test key 2026 handle high from 1.15.15. Further strength and conversion of this level projects range expansion target of 2039.50. … Continue reading
Continued volatility made for large price swings the past few days with an overall downward directional bias, as professional traders continue to sell rallies to key resistance zones. Price in the overnight trade hit our projected target of 1970 we … Continue reading
Early attempt to rally in the S&P failed to close the Open Range Bearish Gap…Price violated the Open Range Rotation Midpoint (ORRMP), long liquidation forced price down to our projected daily extreme of 1982.25 outlined in the Daily Trade Strategy … Continue reading
Looks like volatility is the “key word” for 2015…as price vaulted to our projected upper target zone 2045 – 2050 early, only to be bested by hitting our lower projected price target of 2008 all in the same trading session … Continue reading
Weakness in Crude Oil early in yesterday’s session spilled over to equities as price sold down hard in opening rotation trade, to reach our projected price target of 2021 handle. The remainder of the session can be characterized as selling … Continue reading
Friday’s Trade Strategy 01.09.15 Scenario 2 played out nicely with price retreating and tagging our lower price target of 2032.50. Here’s an excerpt: “Should a pullback into prior session range develop, levels to be mindful of for support are: 2050 … Continue reading
Yesterday’s cash session opened with a “gap n go” never looking back with barely a pullback to allow for favorable entry point. These type openings can be most frustrating to disciplined “pullback” traders, since aggressive short covers are simply paying … Continue reading
Prices are extending prior session “relief rally” gains in overnight trade having reached TargetMaster Breakout Level 1 at 2037.25, which is approximately 50% retracement of this past week’s sell-off. Additional price strength in pit session targets 2045.75 Breakout Level. Today … Continue reading
WOW! What a trade session on Tuesday…Can someone spell “long liquidation”? With the continued weakness in the oil patch, commodity funds have been forced into margin selling, which has simply spilled over into equities…Yesterday’s Daily Trade Strategy 01.06.15 nailed both … Continue reading
Weakness in Eurozone early yesterday did indeed spill over to US Markets as prices sold down throughout the session to settle slightly off day low (2009.50). In yesterday’s DTS Report, we highlighted in Scenario 2 that violation of 2036-38 zone … Continue reading