S&P achieved Xtreme Cycle Price Targets (2014.50) early in Friday’s Session …We’ll mark this level as post Fed Day High and Key Decision Point Pivot. Trader’s sold contracts throughout the Pit Session closing price in the lower quartile of daily … Continue reading
Markets traded in a relatively narrow range yesterday as bullish momentum continued to hold price firm with barely a pullback during the day session. We had stated in prior DTS: “IF current bullish momentum remains strong, any pullback my be … Continue reading
Markets reacted positively to FED Policy Statement yesterday pushing price to to our Cycle Xtreme Target Zone between 2002.25 – 2004.25, as Scenario 1 played out perfectly. Review here: Trade Strategy 09.17.14 Today begins a new cycle…Normally we’d be anticipating … Continue reading
Yesterday was Cycle Day 2 (CD2)…Early open gap weakness did not last as price had a strong bid right from the opening print…The key was holding above the Open Range Rotation Midpoint (ORRMP), which triggered our Open Range Strategy Setup. … Continue reading
Buyers are acting more cautionary ahead of the two-day Fed Meeting this week. The main topic is whether to begin raising interest rates sooner than anticipated given continued, albeit, slow improvement in underlying economic conditions. Although good for the long-term … Continue reading
Buyers failed to keep control last week as selling pressure continued to build..We had opined in an earlier DTS Report that: “Longer-Term Bull Structure remains largely intact, but additional selling pressure may begin to develop in coming days/weeks to challenge … Continue reading
****NOTE: TODAY WE WILL BEGIN TRADING DECEMBER (Z) CONTRACT Yesterday was a textbook Cycle Day 2 (CD2) as price pulled back to retest CD1 low successfully. Confident of a new “secure cycle low”, the rally began pushing price higher to … Continue reading
Good Morning Traders: First, today is September 11th and the anniversary of the 911 Twin Towers Attack. Please take a moment to say a prayer for those dearly departed and their families. NEVER FORGET! Second, today is Futures Contract Rollover … Continue reading
The S&P e-mini experienced a bit of a “shake-out” of weak longs in yesterday’s trade. Having stalled at recent cycle high (2007.00), we had marked this level as a short-term high in previous Strategy Report. Weakness continued from Monday’s Session … Continue reading
S&P e-mini futures have settled into a multi-day trading range (Balance Zone) between 1988 – 2008 (20 handles). The Point of Control Zone is 1996 – 2000. We commented in yesterday’s DTS the increasingly wider daily ranges resulting in differing … Continue reading