Wednesday’s auction was a perfect Cycle Day 2 (CD2), as price consolidated and tested (successfully) Cycle Day 1 (CD1) Low, albeit, in volatile fashion, and closed above the Volume Trend MidPoint (VTMP). The 3-Day Central Pivot Zone continue to rise … Continue reading
Despite early strength yesterday, price failed to convert CD3 High, setting up a late day sell down. We knew odds were favorable (71%) of decline greater than 10 handles and (41%) greater than 20 handles on Cycle Day 1 (CD1). … Continue reading
Short covering rally following shortened trading week drove price higher 37 handles in Monday’s Session. Bulls took full advantage of low participation rate “thin to win” to squeeze the shorts. Overnight trade continues to have bid, with price currently at … Continue reading
Shortened trading week coupled with major jobs report on Friday which was lower than expected, drove ES lower to test 2038 handle pivot support. So far no further price damage below that level, so this week will be of importance … Continue reading
Price tested the 52-Day Midpoint (2036.50) and rallied only to find resistance at Three-Day Central Pivot Zone (2059.50 – 2061.00). These boundaries will mark current price zone from which traders will conduct business. We are anticipating a relatively light volume … Continue reading
S&P 500 Index closed the month and quarter with a MOC Sell Imbalance of $2.2B, settling price on the lows of session. Overnight trade continued to push lower to reach the 52-Day Midpoint (Senkou B), at which time strong buy … Continue reading
Yesterday finished the session with a strong auction closing just off highs and surpassed Cycle Targets. Keep in mind that the 10-day Average Daily Range now stands at 22.90 handles, so it should come as no surprise that current cycle … Continue reading
Price action oscillates from periods of compression to periods of expansion…Last weeks action began as expansion and ended as compression…Overnight trade has expanded upwards, currently by +10 handles testing the 2065 – 68. NOTE: 2068.75 represents the 5-Day Volume Trend … Continue reading
Buyers responded to recent price weakness resulting in an oversold rally which reached our projected retracement level (2055.75) outlined in DTS 03.26.15 Scenario 1. In overnight trade price retested prior high (2058.75) and was rejected, pushing price back down to Central … Continue reading
S&P collapsed under it’s own pressure as key support 2078 handle was violated settling near FED Day Low. Overnight trade continued to push price lower to TargetMaster Breakdown Level 2038, with deep extreme near March 12th pivot low.This recent price … Continue reading