Key Support Test

In yesterday’s DTS we opined that failure to penetrate PDH suggests further consolidation within multi-day value area, with possible test of key support zone between 1859 – 1862. That scenario played out as scripted, with progressive and increasing selling pressure … Continue reading

Building Pressure

An early onslaught of selling yesterday was quickly and aggressively absorbed as Bulls continue to buy every available dip in price. This action is quickly building pressure for the next explosive move and the probabilities currently favor higher. Definitive penetration … Continue reading

Fed Day

Yesterday’s trade was relatively quiet ahead of today Fed announcement and following a wide-range day Monday. Traders seemed fairly content to take a breather. Early probe lower to prior settlement found lack of willing sellers, reversing price back higher only … Continue reading

Short-Term High

***Announcement*** Polaris Daily Trade Strategy Blog is going Premium beginning May 1st, 2014. In an effort to provide PTG Clients the highest quality market analysis and daily trade strategy preparation “prior to pit session opening”, the Daily Trade Strategy (DTS) … Continue reading