S&P notched a new contract high and reached current cycle targets laid out in yesterday’s DTS report. In overnight trade price stalled at high and violated initial support pivot at 1989. Price has traded lower to test 1st line of … Continue reading
Price notched a new contract high for the S&P e-mini (ES) in Globex trade albeit marginally. Yesterday’s Daily Trade Strategy’s Scenario 1 played out perfectly as price reached upper price target 1986.00 to the tick. Here’s excerpt: “IF price can … Continue reading
This recent swing in the S&P has pushed up price 90 handles off the corrective low in what we have described as a “Power Cycle”. This cycle has the energy to test recent high and perhaps notch new contract highs. … Continue reading
The remaining two weeks of August mark a high vacation period for many investment professionals and lower than average trade volumes, so with the Summer Slowdown upon us, now is not the time to become “bold traders’. Stay disciplined to … Continue reading
Friday’s quick sell-down was related to a geo-political news driven event giving the bulls an opportunity to “buy the dip”. Scenario 2 upper and lower target zones hit perfectly…here’s an excerpt: “Price is very near to expansion targets between 1959 … Continue reading
Prices are higher in the overnight session as residual buying momentum has carried on through to 1959.50, which makes this current cycle a “Power Cycle” have risen approximately 60 handles from the correction lows. Today begins a new cycle…The residual … Continue reading
Another Positive 3-Day Cycle as S&P hit projected initial cycle target 1939.50 early followed by some back n fill consolidation throughout the session, with final push at settlement to hit the upper cycle target of 1945.75. The three-day cycle sequence … Continue reading
The probe for a secure low on Cycle Day 1 (CD1) yesterday unfolded as expected retesting critical Average Range Levels and Prior Session Low. Remember, the goal of CD1 is to find a “secure low” from which to stage the … Continue reading
Yesterday completed the 3-Day Bullish Cycle in style having hit perfectly the CD3 average range target of 17.75 handles. (1923.25 low + 17.75 avg = 1941.00 high). Subsequent pullback found solid support at the Volume-Trend MidPoint (VTMP) at 1932.00. Residual … Continue reading
Price has rallied strongly off of Friday’s low at 1890.25, which we view as a temporary secure low, though it may need to be tested at some future point to confirm. As for now price is higher by 10 handles … Continue reading