Economy All eyes on Wall Street will be on the U.S. non-farm payroll report this morning, with the possibility that a strong reading could move the clock up on a Fed rate hike. Economists expect U.S. employers to have added … Continue reading
S&P e-mini (ES) remains within multi-day range between 2120 and 2100 handles…In overnight trade price is yet again testing the lower edge of range (2100.00)…It appears from overall price action a “tipping point” is very close at hand. Markets do … Continue reading
Price held early test of Cycle Day 1 Low in yesterday’s session and rebounded firmly throughout the day. Overnight trade continues to hold above prior Volume Trend Midpoint and as such in in position to challenge and exceed key 2118.00 … Continue reading
Price swung briskly in prior session between anticipated support (2100.25) and resistance (2115.00) outlined in prior Daily Trade Strategy 06.01.15 settling at Volume Trend giving a wide range day formation. The Battle of the Bots continues in overnight trade, again with … Continue reading
Price continues to be locked within multi-day range between 2100 – 2125 price edge parameters. Bulls have lost some upside energy this is true, but they have yet to succumb to the growling Bear. Until there is a definitive break … Continue reading
Current 3-Day Cycle Target (2123.50) has been satisfied…So any penetration and conversion of this level expands the cycle which then targets 2133.75. Overnight trade has price within prior day’s range continuing to consolidate between 2110 (key support) and 2123.50 (key … Continue reading
Battle of the Bull / Bear Robots! Tuesday the Bears had full control…Wednesday the Bulls regained control. This scenario has been playing out consistently throughout 2015, so until this multi-week range can be broken, more of the same…advantage still remains … Continue reading
Sellers sprinted out of the gate on the Open Range and never looked back dropping price throughout the session reaching Max Average Range Target of 2098.00. This price action has definitely deflated much of last weeks bullish enthusiasm at contract … Continue reading
Memorial Day Weekend is a time to honor America’s bravest fallen Hero’s. They have given the ultimate sacrifice for our freedom…please consider giving back and showing that their sacrifice was not in vain by donating to Wounded Warrior Project to … Continue reading
Price found this cycle’s “secure low” within the expected zone outlined in previous two Daily Trade Strategy Reports. Here is excerpt: “Violation of PL (2121.25) opens door for deeper downside probe for new secure cycle low. Levels to be mindful of … Continue reading