Yesterday was Cycle Day 1 (CD1) and played out perfectly….Failure to push new highs resulted in a “failed-auction” reversing price to probe for a “secure low”. We opined in the live trading room that expectation was for 1920 – 22 … Continue reading
Solid “relief rally” drove market prices higher in excess of 50 handles as fears of an Ebola pandemic, worsening economy and just about any other investor concern has subsided. Price achieved TargetMaster Range Breakout Level of 1937.50 into the closing … Continue reading
Yesterday was Cycle Day 2 (CD2) and odds (83%) favored a rally to continue the bullish 3-day cycle. We had outlined that possible high could reach 1898.25 (Actual HOD = 1898.50), based upon penetration and conversion of CD1 high. Click … Continue reading
Today is Cycle Day 2 (CD2) Odds of Rally > 10 = 83%; Odds of Rally > 20 = 44%; Odds of Decline > 10 = 83%; Odds of Decline > 20 = 47%; Possible High = 1898.25 based upon … Continue reading
S&P e-mini is higher by approximately 24 handles (7:30 am) in pre-pit session trade. This “bounce” is +3% off the low of minus 10 percent which we had opined in previous report could find some stabilization. Backing n filling with … Continue reading
S&P hit the magic minus ten-percentage (-10%) decline in wild trade action with range hitting 66 handles and VIX index 26. Last time these metrics were seen was during the 2008 – 09 financial crisis. European Economy faltering, China and … Continue reading
S&P continued its volatile trade action in prior session with algorithm’s whipping price up n down like a dog angry with its rag doll toy. “Hit’em When They’re Up…Kick’em When They’re Down!” The Key Over/Under Zones to be mindful of … Continue reading
Today begins a new Cycle (CD1)…Sharp sell-off late in prior session has price testing range expansion D-Level at 1865.00. Today will be critical for the markets to find some semblance of support near current levels. Normally on Cycle Day 1 … Continue reading
Today is Cycle Day 3 (CD3)…Odds of 3D Rally > 10 = 82%; Odds of 3D Rally > 20 = 53%: Average Range on CD3 = 17.75; Max Range = 21.25; Possible High = 1938 75 – 1941 based upon … Continue reading
Is everyone sick yet from the wild ride on the “Vomit Comet”? Another wide range day notching nearly 50 handles…We haven’t seen this type of intra-day volatility since 2009…With the proliferation of algorithmic trading, directional moves are exacerbated to the … Continue reading