Bullish 3-Day Cycle momentum continues unchallenged by “da bears” as price has reached STATX target zone outlined in prior Daily Trade Strategy 05.18.15 Here is excerpt of Scenario 1: “IF price clears and converts PH (2122.75), THEN upside expansion targets 2124.50, … Continue reading
S&P e-mini (ES) continues to quietly consolidate last weeks gains and new contract high within a 10 handle range between 2112 – 2122. We will label these levels as “key markers” for either bullish upside continuation or bearish downside reversal. … Continue reading
In Thursday’s DTS 05.14.15 we stated “Large market on close sell imbalance ($900M) was easily absorbed as price has held above prior low (2091.50) in overnight trade…Not only held, but has rallied higher testing prior high (2106.50). This is indeed … Continue reading
Scenario 2 played out as outlined in DTS 05.13.15 as price failed at 2105.75 and reversed pushing down to support objective within 2092 – 2090 zone. Large market on close sell imbalance ($900M) was easily absorbed as price has held … Continue reading
Price probed lower in early trade yesterday to find a secure low at deep cycle extreme zone…Once satisfied the last seller was out, the rally began, reaching projected upper target zone between 2093.50 – 2095.75, ultimately achieving stated 2102 price … Continue reading
Monday’s trade in S&P 500 futures (ES) unfolded as a perfect Cycle Day 1 (CD1) as odds (71%) favored a decline of 10 handles or greater and (41%) of 20 handles or greater. Failure to convert CD3 high (2113.50) setup … Continue reading
Currently the widest Range for S&P (ES) is between 2120 – 2040…Last weeks down thrust was on reduced selling pressure, compressing the recent range to now between 2120 – 2060. This shortening of the down thrust sets up a “springboard” … Continue reading
Yesterday’s trade action played out as planned, DTS 05.07.15 rallying off projected Low (2056.75) up to average cycle target (2083.50), with a little extra for good luck. Price are currently trading at prior high (2088.25), with Non-Farm Payroll Report due … Continue reading
S&P e-mini (ES) has continued to extend beyond prior low (2061.25) down to STATX Zone (2060.75 – 2056.75). We will consider this move lower an excess low as long as 2057 is not violated during NY Cash Session. Odds (84%) … Continue reading
We stated in yesterday’s DTS Report 05.05.15: “…cycle targets have been achieved and exceeded, so the decline can begin at any time…Violation of 2105 – 2103 would increase odds of deeper downside…” The decline did unfold as anticipated pushing price … Continue reading