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Today is Cycle Day 3 (CD3)…Odds of 3D Rally > 10 = 82%; Odds of 3D Rally > 20 = 53%: Average Range on CD3 = 17.75; Max Range = 21.25; Possible High = 1938 75 – 1941 based upon … Continue reading
David Dube
Is everyone sick yet from the wild ride on the “Vomit Comet”? Another wide range day notching nearly 50 handles…We haven’t seen this type of intra-day volatility since 2009…With the proliferation of algorithmic trading, directional moves are exacerbated to the … Continue reading
How do you spell volatility? The 5 Day Average Daily Range (ADR 5) now has expanded to 25.75 handles…The ADR 10 measures 23.50 handles. Price traded at both ends of range extremes in yesterday’s session as the October 2nd excess … Continue reading
Violation of Prior Day Low (1950.50) forced more liquidation in yesterday’s session…Range expanded to 30.50 handles as buyers were nowhere to be found, and Bears pressed prices lower to test low pivot zone from October 2nd. There is now increased … Continue reading
***Note: This Report for Tuesday 10.07.14 is being written at 6 PM Monday evening… Monday’s trade action was textbook Cycle Day 1..Price failed to find a sustained bid above the Open Range Midpoint on a bullish Gap. This setup a … Continue reading
Last week’s trade action was nothing short of exciting…Some people would classify it as a wild roller coaster ride…others call it the “vomit comet”. In either descriptive, it was quite the ride. October is here and historically this month has … Continue reading
Forced margin liquidation propelled S&P e-mini (ES) price lower in prior session hitting the TargetMaster Price of 1921.50 and Max Range (22.25) observed on Cycle Day 2. With recent increased volatility, Average Daily Range continues to expand, so it is … Continue reading
*****NOTE: This report was written at 8 pm ET Wednesday evening for Thursday Trade Session Cycle Day 1 (CD1) lived up to its billing as a weak session as price probed lower for a new low…which may not have yet to be … Continue reading
September by most metrics was a tough month, whether an investor, swing-trader, or day-trader…Volatility increased sharply but not excessively…Algorithms, which account for more than 70% of daily volume ran wild in both directions, causing intra-day moves to be “fast n … Continue reading
Early test of Cycle Day 1 (CD1) Low during Open Range held firm allowing price to rally reaching average range +14.50 handles. Continued strength in overnight has price up an additional +8 handles as of 8 am ET, securing another … Continue reading