Pre-Market Commentary (7:42 AM – 9:02 AM) Key Levels Identified: LIS (Line in the Sand): 6030, derived from the prior session’s mid-zone. Lower Target Levels: 6005 and 5995 were highlighted as critical areas for market responses. Overnight Activity: Overnight trading … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 1: Shallow decline during GLOBEX lead to a strong TRUE GAP UP opening during the RTH. We’ve seen this scenario before on Cycle Day 1…Early strength momentum pushing to fulfill upside range targets. … Continue reading
Morning Session Market Outlook: The week began with a strong GLOBEX rally, characteristic of Cycle Day 1 (CD1). The initial upside target of 6042, based on the average CD1 range from the last 20 cycles, was nearly achieved early in … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 3: Positive Three-Day Cycle was fulfilled as strong “short-squeeze” propelled prices higher to cap off the holiday trading season. Range for this session was 85 handles on 1.144M contracts exchanged. FREE TRIAL link to PTG/Taylor … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 3: Market forces again decided to continue this cycle’s sell-down during the morning session, hitting statistical extremes before finding responsive buyers to rally back during the afternoon session closing in the midpoint zone … Continue reading
Morning Observations: $ES and $NQ were both noted at statistical extreme zones early in the session. Initial discussions included technical levels and settings, such as AR4 Stop values and a focus on key targets (5, 8, and 13 points). Trading … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 2: Market forces decided to continue this cycle’s sell-down during the morning session, hitting statistical extremes before finding responsive buyers to rally back during the afternoon session closing in the midpoint zone for … Continue reading