S&P 500 Prior Session was Cycle Day 2: Textbook (CD2) as price tested both the upside 5565 (to-the-tick & HOD) and the downside (5510) edges outlined in the prior DTS Briefing 9.4.24. As posted, our anticipation of MATD rhythms unfolded near perfectly, … Continue reading
S&P 500 Prior Session was Cycle Day 1: September is historically a weak month and if the first full trading session is a barometer, hang on for the ride. Markets are back on the defensive following a 10-day lateral consolidation period … Continue reading
S&P 500 Prior Session was Cycle Day 3: Three-Day Cycle Statistic (90%) was satisfied as price traded above the Cycle Day 1 Low (5631.75) on shortened holiday trade. Range was 29 handles on 106k contracts exchanged. …Transition from Cycle Day 3 to … Continue reading
S&P 500 Prior Session was Cycle Day 1: Price established this cycle’s low at 5561.25 during the GBX opening range, then began a non-stop rally straight into RTH, ultimately fulfilling the 5653 Three-Day Cycle Target. Afternoon liquidity break settled price essentially … Continue reading
S&P 500 Prior Session was Cycle Day 3: Three-Day Cycle Statistic (90%) was satisfied as price traded above the Cycle Day 1 Low (5619.75) during the RTH Session. In yesterday’s briefing we noted two KEY Line in the Sand (LIS) levels … Continue reading
S&P 500 Prior Session was Cycle Day 2: Textbook (CD2) as price tested both the upside and downside zone edges outlined in the prior DTS Briefing 8.27.24. As price volatility continues to contract during this “end-of-summer” balancing phase, the key Fulcrum Level … Continue reading
S&P 500 Prior Session was Cycle Day 1: Textbook Cycle Day 1 (CD1) as price initially poked above PH (5665.25) but could not sustain an adequate bid. This condition set up the classic “Look Above and Fail” (a.k.a. “The Whiplash Trade“) … Continue reading
S&P 500 Prior Session was Cycle Day 3: JPOW’s speech at JHOLE delivered the expected “snappy/trappy” volatility we referenced in prior DTS Briefing 8.23.24. Positive 3 Day Cycle as price traded above CD1 Low (5613.50) during RTH. *****The 3 Day Cycle … Continue reading
Markets Jackson Hole Preview: The ‘Powell Put’ Makes a Comeback As the S&P 500 regains its footing after a volatile few weeks, all eyes are on Federal Reserve Chair Jerome Powell’s upcoming speech at the annual Jackson Hole Economic Symposium. With inflation cooling to its lowest … Continue reading