Yesterday was Cycle Day 1 (CD1) as price probed lower to our anticipated support zone between 1986 – 88…The actual LOD was 1987.50. The current Cycle Price Targets range between 2001.25 – 2004.50 based upon historical observed cycle average expansion … Continue reading
S&P e-mini failed to push higher and violated the 1998 “key marker” we laid out in yesterday’s report. Having violated this level sets the 2002 handle as a short-term high. Price will need to get back above 1998 handle to … Continue reading
Average Daily Range in S&P e-mini continues to contract from a high of 20 handles down to 11 handles over the past ten (10) trading sessions, as price continues to grind higher to new contract highs. Below average volume suggesting … Continue reading
This current “power cycle” qualifies for a “Bulls Bull Market”…Price strength with shallow pullbacks to prior breakout levels that hold strong. The longer higher prices get absorbed the more underlying strength builds for next assault higher. It would take a … Continue reading
Price consolidated throughout Friday’s Session as the aggressive buyers decided to take a break and catch their breath as we highlighted in prior DTS Report. This current “Power Cycle” that has driven S&P Index up 100+ handles in 10 days … Continue reading
S&P notched a new contract high and reached current cycle targets laid out in yesterday’s DTS report. In overnight trade price stalled at high and violated initial support pivot at 1989. Price has traded lower to test 1st line of … Continue reading
Price notched a new contract high for the S&P e-mini (ES) in Globex trade albeit marginally. Yesterday’s Daily Trade Strategy’s Scenario 1 played out perfectly as price reached upper price target 1986.00 to the tick. Here’s excerpt: “IF price can … Continue reading
This recent swing in the S&P has pushed up price 90 handles off the corrective low in what we have described as a “Power Cycle”. This cycle has the energy to test recent high and perhaps notch new contract highs. … Continue reading
The remaining two weeks of August mark a high vacation period for many investment professionals and lower than average trade volumes, so with the Summer Slowdown upon us, now is not the time to become “bold traders’. Stay disciplined to … Continue reading
Friday’s quick sell-down was related to a geo-political news driven event giving the bulls an opportunity to “buy the dip”. Scenario 2 upper and lower target zones hit perfectly…here’s an excerpt: “Price is very near to expansion targets between 1959 … Continue reading