Following a three-month hiatus, I’d like to welcome you to the PolarisTradingGroup Blog and Trading Room. Capping a volatile week where S&P mini sold off 50 handles from 1780’s down to 1730’s where there resides Major Support, only to have … Continue reading
Yesterday’s strategy opined that if 1762 was penetrated and held, then upside targets ranging from 1766 – 1775 could be achieved. That scenario played out like a “well tuned fiddle” as bulls remain dominant and quite enthusiastic regarding continuation of … Continue reading
Recent high at 1762 handle remains in place but bulls also remain very dominant, as every pullback meets enthusiastic buying. Currently in overnight trade the recent high at 1762 is being challenged. IF this high can be penetrated and hold, … Continue reading
There is building evidence that recent buying which has pushed SnP index to all-time highs of becoming exhausted…not to be mistaken with “buying climax”…just getting a bit tired. Overnight highs which mark 1762 handle has fired a “Prime Turn Alert” … Continue reading
Yesterday’s trade strategy blog opined that the bulls needed to hold the 1736.00 level in order to “keep the recent drive alive”. Well, the bulls did just that, as “da bears” tried to break through that important level unsuccessfully. This … Continue reading
Yesterday’s price action saw an aggressive push higher into the daily money-box zone only to reverse down as quickly as its ascent. This type action has potential of marking a short-term high. Violation of 1736 will confirm 1754.50 as high…Bulls … Continue reading
S&P futures is currently consolidating recent gains, holding steady above 1736 support. Delayed Jobs Report is due to be released Tuesday with analysts expecting 180K… Further upside has been kept in check at the 1740 level, so until that level … Continue reading
Last week, the battle in Washington was settled (at least for now). The market, which had been struggling to gather volume conviction, finally made a definitive statement–new highs on big volume. This ended the correction and rocketed the Nasdaq to … Continue reading
Congress voted an 11th Hour Budget and Debt-Limit increase deal ending the stand-off….Until the next time…continuing saga….(DEFCON 5) Back to the trading business…. Prior Day High at 1717.00 will be necessary to overcome for higher prices…Sellers filled every buyer into … Continue reading
The Budget and Debt-Limit talks has reached the point of an outright “showdown” that can be analogous to the famous gunfight at “OK Corral”. One side will be left standing in the end. As the World holds its breath from … Continue reading