Overview of the Day This FRYday session was a textbook example of strong directional movement driven by a key macroeconomic event—Fed Chair Powell’s speech at Jackson Hole. The PTG room capitalized early and decisively on the upside, with several traders … Continue reading →

S&P 500 (ES) Prior Session was Cycle Day 1: CD1 Low (6370.25) was established on a retest of prior low zone as markets consolidated ahead of the JPOW JHOLE Symposium  press conference FRYday morning. Volume and range was contained as traders … Continue reading →

S&P 500 (ES) Prior Session was Cycle Day 3: Failed 3-Day Cycle as price was unable to rally above the CD1 Low (6456) which has a 90.78% historical performance track history. Risk-Off selling pressure continued to spill over into this … Continue reading →

S&P 500 (ES) Prior Session was Cycle Day 2: This session’s rhythm went off the typical CD2 consolidation script, as price violated the 6455 – 6460 4-day support and broke lower. Normally we would have seen the decline on CD1, which … Continue reading →

S&P 500 (ES) Prior Session was Cycle Day 1: CD1 Low (6456) was established on one of the slowest summer Monday’s in recent memory. Narrow range bound conditions lead to little trader commitment, leaving Market-Makers (M&M’s) to trade amongst themselves. … Continue reading →