Bulls are in firm control as price continued to rally yesterday (CD2) to reach initial Cycle Price Target 2017.50. Trade Strategy 11.05.14 Overnight trade is light with volume approximately 112k and narrow 6 handle range. Today is Cycle Day 3 … Continue reading
Yesterday was textbook Cycle Day 1 (CD1), as price probed lower the distance of an average range observed on CD1 (18.75) to find a “secure low” at 1995 handle. Once traders were confident that this low was secure, the rally … Continue reading
As anticipated, yesterday’s trade action formed a Neutral Day consolidation pattern, absorbing recent gains from last week. Trade Strategy 11.03.14 Today is Election Day across the United States, so investors/traders may continue to be content with current prices and not … Continue reading
Markets are beginning November on a high note, following BOJ announcement to expand their version of Quantitative Easing just as the FED concludes theirs… Today is Cycle Day 3 (CD3)…Having already blasted through all cycle targets last week, anticipation will … Continue reading
HAPPY HALLOWEEN! Thanks to Bank of Japan for offering the Markets a Big Halloween Treat with their version of Quantitative Easing. S&P has rocketed higher in overnight trade back to all-time high at 2014. Central Banks will continue to flood … Continue reading
“Today in Cycle Day 3 (CD3)…As mentioned, cycle price targets have been exceeded…Price can continue higher or it can begin a new down leg at any moment.” The above quoted comment is from yesterday’s Daily Trade Strategy whereby expectation was for new … Continue reading
Cycle Price Targets were achieved and exceeded in yesterday’s trade session…So any additional upside movement will be on “inertial energy”. S&P e-mini up 9.30% off the lows in 9 days…Like the 10% decline never even happened…Amazing! Today in Cycle Day … Continue reading
Yesterday was Cycle Day 1 (CD1) and as such, expectation was for price to probe lower to find a new secure low. Trade Strategy 10.27.14 That is in-fact is exactly what happened, as sellers pushed price lower by a distance … Continue reading
Today begins a new cycle (CD1)…With the Bulls having firmly regained control, any decline may be relatively shallow if there is continued upside momentum in price. Odds of Decline > 10 = 71%; Odds of Decline > 20 = 41%; … Continue reading
S&P e-mini continued its upside march yesterday to reach our projected TargetMaster Range Breakout Level of 1955.25. News report of NYC’s first Ebola patient which has tested positive put an end to the rally which was already into extreme territory. … Continue reading