Buyers reemerged yesterday and have regained control and we will continue to give the benefit to the Strong Bull. Price is now trading above the 3DCPZ which is a “key marker” we use for trend direction. IF price penetrates the … Continue reading
In Friday’s post we highlighted the lower price targets measured down to 1831.25 – 1824 handle…Here’s an excerpt: “IF downside momentum continues below 1834.50, THEN lower targets include 1831.25 – 1827.25 STATX Zone down through 1824- 26 zone.” Overnight low is 1823.50 … Continue reading
We have switched to S&P e-mini June Contract (ESM) So much for the anticipated low volatility rollover into June contract…Da Bears finally made the Bulls “cough-up” its latest meal driving prices deep into last month’s value zone and Point of … Continue reading
***Today’s Trade Strategy will focus on S&P e-mini March Contract (ESH)…We’ll make the switch to June (ESM) in the next strategy posting. In yesterday’s trade strategy post, we were anticipating a buy response from the “BIG’s” within the 1858 – … Continue reading
In Tuesday’s Blog we posted: “Failure to exceed 1880 suggests more consolidation within current range. Violation of 1869.00 and lower conversion suggests weak buying interest and projects 1858 – 62 zone for next buy response.” Early session failure that occurred … Continue reading
Yesterday’s blog post opined that Mr. Market was in need of a well deserved breather to digest recent gains…and that’s exactly what it did. Below average volume, with a nice “back n fill” price consolidation down to “key support” between … Continue reading
Mr. Market has been on such a torrid buying pace recently without even taking a break…We think it’s time for a well deserved “breather”. Price remains above the median line of a well defined sixty-minute up channel, with key support … Continue reading
Yesterday’s action was exactly what we were looking for…Range Day Type with responsive buying on dips. Bulls remained engaged to “stay the course” of buying any perceived weakness…Until there is a price structure break and sentiment shift, price should continue … Continue reading
There is no denying the strength of the Bulls…and with this strength, begets even more strength, even if it’s shorts needing to cover positions or buy stops getting triggered…buying is buying. Yesterday’s gap up never even looked back from the … Continue reading
As we have continuously seen in recent past is that each retracement of 1 – 1.5% (25 – 30 handles) Bulls step in to “buy weakness”….Bears become “trapped shorts”…price rallies back to prior highs. This action is keeping the current … Continue reading