Despite marking a new all-time high last week and expending lots buy buy-side energy, absorbing overhead supply, on a week over week basis, price has not made much progress. This could be a “tell” that sellers are in greater quantity, … Continue reading
Price probed lower in prior session to find support at the 3D CPZ laid out in prior Trade Strategy 12.4.14. Normally this probing occurs on CD1, but as we have stated, this Cycle may be disrupted because of last week’s … Continue reading
This Cycle is obviously very strong as price continued to power higher leaving in its wake a higher low on Cycle Day 1 (CD1). We have seen this occur in past cycles, and when it does probabilities favor what we … Continue reading
Yesterday was Cycle Day 3 (CD3)…As such, we knew odds (82%) favored a rally greater than 10 handles, with Average Range on CD3 = 17.75…The full range of day was 18.50, so overall, a very nice way to end the … Continue reading
Early weakness lead to Scenario 2 playing out yesterday as price sold down to the 2048 handle where responsive buyers stepped in to support price. Early morning trade today has price higher by +6.25 handles. Yesterday low (2048.25) will need … Continue reading
Narrow price range and relatively light volume characterized last week’s holiday trade action…Though it was quite, things were indeed happening under the surface…Exploring a bit deeper into the volume figures, what appears is buyers encountered responsive selling in sufficient quantity … Continue reading
In yesterday’s trade we knew there was good odds, 71% of a decline greater than 10 handles occurring on Cycle Day 1 (CD1)…The high of session came early at 2073.00…then the decline began pushing price down to 2062.75…10.25 handles..BINGO! Odds … Continue reading
Price of S&P e-mini traded in a very narrow 4 handle range in prior session, influenced by Thanksgiving Holiday week…typically volumes contract significantly, so no real surprise. Nasdaq (NQ) and Russell (TF) were the out-performers on a relative basis…We should … Continue reading
As the Thanksgiving Holiday week begins, let us all take time-out to reflect on how fortunate we are and express our deep gratitude for life. POBC joined in the “money easing game” by lowering interest rates to spark economic growth…So … Continue reading
S&P e-mini has vaulted to the upside in overnight trade, currently plus 14.50 handles, exceeding all Cycle Targets and Range Parameters! We are not going to post the typical price targets usually displayed daily, since all have been exceeded and … Continue reading