Bullish action continues to expand price higher to yet again test upper edge of multi-week trading range. There are signs favoring an upside resolution, but has yet to occur. As such until price clears and converts 2110 handle, we will … Continue reading
Thursday’s failure to exceed prior high 2104 level created a Double Top formation which ultimately lead to Friday’s deep sell off when 2092 was violated. “Gap n Go” Open Range had lots of bearish energy which forced price to exceed … Continue reading
After successfully testing Cycle Day 1 Low for surety, S&P (ES) rallied throughout the session to test the upper pivot at 2104 handle. Late day rejection with $700M Closing Sell Imbalance continues to hint at distribution by the BIG BOYZ. … Continue reading
Strong and persistent buying was yesterday’s call with a “Gap n Go” that held above Open Range early ultimately reaching our projected upside target between 2103 – 2104.25 outlined in prior DTS Report 04.15.15. Overnight and early morning trade has … Continue reading
The 3-Day Cycle Pattern has been in perfect Sync recently as our Price Range Projection Target Zone continue to hold true. This increases confidence in establishing swing positions as well as intra-day directional trades from “Key Decision Zones”. Our expectation … Continue reading
Monday’s Daily Trade Strategy 04.13.15 was spot on with both Scenario’s playing out nicely as early strength hit upper price target only to reverse and by settlement hit lower price levels outlined. Here are couple excerpts: Scenario 1: “IF price clears and … Continue reading
Last week was positive for the Bulls…Following a few day consolidation price pushed higher to end the week strong. With a decent tailwind favoring the Bulls further gains appear likely as this week begins. Just a reminder that this week … Continue reading
Morning Session price weakness which successfully retested Cycle Day 1 (CD1) Low (2066.75) for surety lead to Afternoon Session Rally pushing price to close (2087.00) just shy of our projected 2088.25 Max Average Range Price Target. Today begins a new … Continue reading
Wednesday’s auction was a perfect Cycle Day 2 (CD2), as price consolidated and tested (successfully) Cycle Day 1 (CD1) Low, albeit, in volatile fashion, and closed above the Volume Trend MidPoint (VTMP). The 3-Day Central Pivot Zone continue to rise … Continue reading
Despite early strength yesterday, price failed to convert CD3 High, setting up a late day sell down. We knew odds were favorable (71%) of decline greater than 10 handles and (41%) greater than 20 handles on Cycle Day 1 (CD1). … Continue reading