Early weakness in prior session probed lower to find a probable “secure low” at 2025.25 level on Cycle Day 1 (CD1). Price held bid throughout the day holding above its Open Range and VolumeTrend/Midpoint (VTMP). Price remains congested in a … Continue reading
Having made a new all-time high at 2043.75 last week, price has struggled to get back above 2038.50 on a closing basis, so this level will now be “key marker’ to penetrate and convert for high prices. Today is Cycle … Continue reading
Yesterday’s Daily Trade Strategy 11.13.14 placed odds at 57% of reaching TargetMaster Breakout Level 1 (2041.25) if Cycle Day 1 high was cleared and converted. Early strength pushed price up to anticipated target zone before “topping-out”…which was followed by aggressive … Continue reading
Today’s DTS will be an abbreviated version as I am traveling Thursday and will be absent from Trading Room. Bullish Structure remains solidly intact as price probed down to anticipated support 2026 – 2028 zone…See Wednesday’s DTS: Trade Strategy 11.12.14 … Continue reading
Slow Trade Session with compressed range, below average volumes and Bond Market closure marked the Veterans’ Day Holiday. Having reached initial Cycle Targets at 2038.50, price could not find new aggressive buyers beyond that level, so we will mark prior … Continue reading
S&P e-mini continued to grind higher in relatively slow trade on Monday adding to recent gains. Overnight trade has price reaching TargetMaster/StatX Zone price target of 2038.75. IF current price momentum continues into pit session, further upside targets Cycle Projection … Continue reading
S&P e-mini held firm Friday following NFP release as investors/traders appeared comfortable with the level of job creation, displaying that the Economy is making progress. Today is Cycle Day 2 (CD2)…There is still room to continue rally…Odds of Rally > … Continue reading
S&P e-mini continued its upward momentum trajectory achieving Cycle Expansion Price Target of 2028.25, as laid out in Thursday’s DTS: Trade Strategy 11.06.14 Friday is the “all-important” Non-Farm Payroll Report…Bulls are firmly in control, so any disappointment in the NFP will … Continue reading
Bulls are in firm control as price continued to rally yesterday (CD2) to reach initial Cycle Price Target 2017.50. Trade Strategy 11.05.14 Overnight trade is light with volume approximately 112k and narrow 6 handle range. Today is Cycle Day 3 … Continue reading
Yesterday was textbook Cycle Day 1 (CD1), as price probed lower the distance of an average range observed on CD1 (18.75) to find a “secure low” at 1995 handle. Once traders were confident that this low was secure, the rally … Continue reading