S&P e-mini (ES) continues to quietly consolidate last weeks gains and new contract high within a 10 handle range between 2112 – 2122. We will label these levels as “key markers” for either bullish upside continuation or bearish downside reversal. … Continue reading
In Thursday’s DTS 05.14.15 we stated “Large market on close sell imbalance ($900M) was easily absorbed as price has held above prior low (2091.50) in overnight trade…Not only held, but has rallied higher testing prior high (2106.50). This is indeed … Continue reading
Scenario 2 played out as outlined in DTS 05.13.15 as price failed at 2105.75 and reversed pushing down to support objective within 2092 – 2090 zone. Large market on close sell imbalance ($900M) was easily absorbed as price has held … Continue reading
Price probed lower in early trade yesterday to find a secure low at deep cycle extreme zone…Once satisfied the last seller was out, the rally began, reaching projected upper target zone between 2093.50 – 2095.75, ultimately achieving stated 2102 price … Continue reading
Monday’s trade in S&P 500 futures (ES) unfolded as a perfect Cycle Day 1 (CD1) as odds (71%) favored a decline of 10 handles or greater and (41%) of 20 handles or greater. Failure to convert CD3 high (2113.50) setup … Continue reading
Currently the widest Range for S&P (ES) is between 2120 – 2040…Last weeks down thrust was on reduced selling pressure, compressing the recent range to now between 2120 – 2060. This shortening of the down thrust sets up a “springboard” … Continue reading
Yesterday’s trade action played out as planned, DTS 05.07.15 rallying off projected Low (2056.75) up to average cycle target (2083.50), with a little extra for good luck. Price are currently trading at prior high (2088.25), with Non-Farm Payroll Report due … Continue reading
S&P e-mini (ES) has continued to extend beyond prior low (2061.25) down to STATX Zone (2060.75 – 2056.75). We will consider this move lower an excess low as long as 2057 is not violated during NY Cash Session. Odds (84%) … Continue reading
We stated in yesterday’s DTS Report 05.05.15: “…cycle targets have been achieved and exceeded, so the decline can begin at any time…Violation of 2105 – 2103 would increase odds of deeper downside…” The decline did unfold as anticipated pushing price … Continue reading
Upside objectives have been achieved and exceeded for this Three-Day Cycle. The current upswing remains intact, so probabilities continue to favor bullish case…That said, Mr. Market can be and has been very fickle, so we won’t rule out decline…read that … Continue reading