Friday was Cycle Day 1 (CD1)…Odds (71%) favored a decline greater than 10 handles; and (41%) decline greater than 20 handles. Average Range on CD1 = 22.00…Actual Range was 23.50 handles…So a perfect Cycle Day 1… Today is Cycle Day … Continue reading
Cycle Day 3 (CD3) Scenario 1 played out perfectly as price rallied to hit projected HOD 2058 Price Target…Actual high was 2058.75. Trade Strategy 02.05.15. Friday begins a new Cycle Day 1 (CD1)…We should be looking for a decline…However, having … Continue reading
How do you spell volatility? How about a 25 handle “downdraft” in futures in the last few minutes of the trading session on reports of ECB revoking waivers regarding the use of Greek government debt as collateral for loans…That’s not … Continue reading
Bullish Opening Range Gap that held a retracement test at Noon set the stage for Trend Day, which settled price at High of Day marking a successful follow-through day. Price has reached or exceeded Cycle Targets, so some back n … Continue reading
Early weakness in S&P e-mini (ES) pushed price right down into our anticipated support zone between 1976 – 1974 (actual LOD 1073.75) outlined in Monday’s DTS 02.02.15. Following a mid-day pullback into newly formed dynamic support (1990), price vaulted higher … Continue reading
S&P Index continued to “flip-flop” between bull n bears all last week without any real progress…At end of week price settled near lower end of range and again has the bull’s back against the “proverbial wall”. Violation and conversion below … Continue reading
Thursday’s trade action was a picture perfect Cycle Day 1 (CD1)…Odds favored a decline greater than 10…As price extended down to violation target of 1982.50 outlined in prior DTS 01.29.15. Once the last seller sold, Mr. Market, being more confident … Continue reading
Failure of S&P e-mini (ES) to clear and convert the Open Range Midpoint (2036.00) was an early “tell” that Selling was the dominant force underpinning market dynamics. Federal Reserve FOMC comments only added fuel to a smoldering tinder-box. Violation of … Continue reading
Negative earnings reports from a few high-profile companies yesterday, worked to push S&P e-mini (ES) below Cycle Day 1 Low down to average violation zone between 2012 – 2014…Actual LOD = 2013.25. Having confidence that a secure low was in … Continue reading
Early push lower in yesterday’s pre-market found potentially a “secure-low” at 3D CPZ 2026 – 2030 level…During Pit Session price pushed higher throughout the day settling at HOD. Overnight trade Tuesday has price lower by 12 handles with expectation of … Continue reading