Upside objectives have been achieved and exceeded for this Three-Day Cycle. The current upswing remains intact, so probabilities continue to favor bullish case…That said, Mr. Market can be and has been very fickle, so we won’t rule out decline…read that … Continue reading
Thursday’s sell off provided an opportunity to clear out some excesses and placement probe for this cycle’s secure low near 2075 handle which we’ll mark as “Key Support”. S&P e-mini, having closed on high of day (HOD) with considerable momentum, … Continue reading
Having hit the 3-Day Cycle Target on CD1 (2112.50) with a failed retest on CD2 with subsequent violation of CD2 Low, set in motion yesterday’s sharp decline, which pushed price well beyond max range targets and down to next key … Continue reading
Cycle Day 2 (CD2) unfolded as expected, ranging between anticipated cycle support (2090.00) and Three-Day Pivot (2107.00). Current swing is in the downward direction and as such selling bounces is the current strategy until key decision levels, 2104, 2108, 2112 … Continue reading
Yesterday was an amazing trading session displaying the accuracy of the 3-Day Cycle parameters. First, the projected Low Of Day (LOD) calculated 2088.75…Actual LOD was 2088.25. Second, Max Average Range (MAR) on CD1 was 22.00…MAR + LOD = 2110.25 which … Continue reading
Yesterday was a perfect Cycle Day 3 (CD3), as price pushed above prior high sucking-in the last buyer at 2118.25 outlined in Scenario 1 of Prior DTS 04.27.15. Violation of 2114.75 forced a price reversal which took price down to … Continue reading
Bulls regained full control last week as price has cleared above highs of recent trading range. This clears the way for new contract highs in S&P following on the heals of Nasdaq and Russell 2000 price strength. Today is Cycle … Continue reading
Price reached our projected HOD target (2113.25) outlined in prior Daily Trade Strategy 04.23.15. Here is excerpt: “Today is Cycle Day 1 (CD1)…Possible High = 2113.25 based upon average penetration of CD3 high.” Today is Cycle Day 2 (CD2)…Having reached … Continue reading
Same Story…Different Day…Range Trade continues within established boundaries. Down thrusts are losing momentum as well as up thrusts. Current range has also narrowed between 2080 – 2105. Until either of those levels are decisively converted, expect more of the “same … Continue reading
Global instability…Mixed Corporate Earnings…has kept investors/traders on the sidelines while the algorithms push price upwards and downwards intra-day creating consternation and concern about the markets next direction. Until price clears 2110 handle on upside, it’s more of the same multi-week … Continue reading