Price consolidated gains during Friday’s session but was unable to hold those gains as price gave it up into settlement, closing on the lows. Overnight trade extending this weakness, as price traded down to Three-Day Central Pivot 2026 handle before … Continue reading
Our most optimistic upper price targets for yesterday’s session (2042.25) were easily surpassed with late day short covering acceleration rally which hit deep extreme STATX Level 2058.25 …Actual HOD 2059.25. Today’s extension targets 2067 – 69 zone. Today is Cycle … Continue reading
Yesterday was Cycle Day 1 (CD1) and as scripted in Scenario 2 of prior DTS 01.21.15, price probed lower to find a new “secure low” just above average decline target of 2004.00…Actual Low of Day was 2005.25. Once Mr. Market … Continue reading
Failure to hold gap higher during the Open Range resulted in aggressive selling with enough momentum to reach our lower price target of 1998.00 outlined in prior Daily Trade Strategy Briefing 01.20.15. With sellers flushed out at lows, bulls regained control … Continue reading
Friday’s rally took a pause yesterday for MLK Observance, but has reignited in overnight trade action pushing price upwards to test key 2026 handle high from 1.15.15. Further strength and conversion of this level projects range expansion target of 2039.50. … Continue reading
Continued volatility made for large price swings the past few days with an overall downward directional bias, as professional traders continue to sell rallies to key resistance zones. Price in the overnight trade hit our projected target of 1970 we … Continue reading
Early attempt to rally in the S&P failed to close the Open Range Bearish Gap…Price violated the Open Range Rotation Midpoint (ORRMP), long liquidation forced price down to our projected daily extreme of 1982.25 outlined in the Daily Trade Strategy … Continue reading
Looks like volatility is the “key word” for 2015…as price vaulted to our projected upper target zone 2045 – 2050 early, only to be bested by hitting our lower projected price target of 2008 all in the same trading session … Continue reading
Weakness in Crude Oil early in yesterday’s session spilled over to equities as price sold down hard in opening rotation trade, to reach our projected price target of 2021 handle. The remainder of the session can be characterized as selling … Continue reading
Friday’s Trade Strategy 01.09.15 Scenario 2 played out nicely with price retreating and tagging our lower price target of 2032.50. Here’s an excerpt: “Should a pullback into prior session range develop, levels to be mindful of for support are: 2050 … Continue reading