Last week’s trade saw increased volatility with the Algorithm’s whipping around price in each direction causing increased “trader anxiety”. Though the bigger picture remains bullish, there definitely seems to be a Change of Character (COC) to a more “risk-off” posture. … Continue reading
In Wednesday’s DTS we wrote about violation of FED Day Low qualifying as a “Change of Character” (COC) in market sentiment. Trade Strategy 09.23.24 We followed up by stating: “Any future price rallies may now be met with increased responsive selling … Continue reading
Price held firm above the ONL outlined in prior Strategy Report. This setup an early test of key support during Opening Range…Once price penetrated and converted 1976.25, then the “trading tide” shifted in favor of Bulls. It was game on … Continue reading
***Note: This DTS Briefing Report was composed at 8 pm Tuesday evening for Wednesday trade session. Cycle Day 1 (CD1) certainly lived up to its reputation of probing for a new secure low…Downward price momentum hit and exceeded Average Range … Continue reading
S&P e-mini has now violated the FED Day Low (1983.25) in overnight trade. Should this violation hold during the Pit Session when volume participation is at it’s greatest, this would certainly qualify as a “Change of Character” (COC) in market … Continue reading
S&P achieved Xtreme Cycle Price Targets (2014.50) early in Friday’s Session …We’ll mark this level as post Fed Day High and Key Decision Point Pivot. Trader’s sold contracts throughout the Pit Session closing price in the lower quartile of daily … Continue reading
Markets traded in a relatively narrow range yesterday as bullish momentum continued to hold price firm with barely a pullback during the day session. We had stated in prior DTS: “IF current bullish momentum remains strong, any pullback my be … Continue reading
Markets reacted positively to FED Policy Statement yesterday pushing price to to our Cycle Xtreme Target Zone between 2002.25 – 2004.25, as Scenario 1 played out perfectly. Review here: Trade Strategy 09.17.14 Today begins a new cycle…Normally we’d be anticipating … Continue reading
Yesterday was Cycle Day 2 (CD2)…Early open gap weakness did not last as price had a strong bid right from the opening print…The key was holding above the Open Range Rotation Midpoint (ORRMP), which triggered our Open Range Strategy Setup. … Continue reading
Buyers are acting more cautionary ahead of the two-day Fed Meeting this week. The main topic is whether to begin raising interest rates sooner than anticipated given continued, albeit, slow improvement in underlying economic conditions. Although good for the long-term … Continue reading