All-time contract high in the S&P 500…Continued strength in economically sensitive sectors…technology on a bullish role…Mutual Fund buying spree all help to propel prices upwards. Price high our projected target of 2107.50 outlined in Friday’s Daily Trade Strategy 02.20.15. We will … Continue reading
Continued bullish consolidation has now reached day-five, with option holders of 2100 Call Strike expiring worthless, which could open the door to a big “gun n run” of buy-stops above 2100 today, so be on high alert! Today is Cycle … Continue reading
Yesterday was a quiet trading session characterized by light relative volume and narrow “inside range day”. This week is options expiration…There is a large Strike Price @ 2100…So trade at or below this strike for remainder of this week would … Continue reading
Yesterday was a solid Cycle Day 2 (CD2) whereby price rallied to reach extension target of 2098.50 outlined in Daily Trade Strategy 02.17.15. Here’s an excerpt: “Scenario 1: IF price can Clear and Convert (C&C) PDH (2093.75), THEN there is … Continue reading
Markets were closed Monday for President’s Day Holiday…Yesterday was also Cycle Day 1 (CD1) and price did produce a small decline during the shortened Globex Session. Price found support within the Three-Day Central Pivot Zone which overlapped with STATX Zone … Continue reading
Yesterday’s Bullish Open Range Gap (ORRMP) and strong Market Internals (ADSYNC) set the stage for “trend day” trade action. Expectation on bullish trend days is for price to close at or near the high of day…Our projected price target was … Continue reading
S&P e-mini (ES) reached projected HOD price target 2075 in after hours trade yesterday. Geo-political news flow overnight was catalyst for HFT’s to push price down briskly by 18 handles, only to vault price back higher 18 handles to 2075, … Continue reading
Following an early morning pullback in price to test Open Range Gap, price proceeded to progressively climb higher to reach projected HOD target at 2065.50 outlined in prior DTS 02.10.15. Today begins a new Cycle (CD1)…We would normally be looking … Continue reading
In Monday’s DTS Briefing 02.09.15 Scenario 1 stated: “Price will need to hold above 2038 handle and convert 2044.50 (PDL) to place odds (55%) for retracement rally targeting 2050…” That’s about all price was able to muster in terms of strength, … Continue reading