Forced margin liquidation propelled S&P e-mini (ES) price lower in prior session hitting the TargetMaster Price of 1921.50 and Max Range (22.25) observed on Cycle Day 2. With recent increased volatility, Average Daily Range continues to expand, so it is … Continue reading
*****NOTE: This report was written at 8 pm ET Wednesday evening for Thursday Trade Session Cycle Day 1 (CD1) lived up to its billing as a weak session as price probed lower for a new low…which may not have yet to be … Continue reading
September by most metrics was a tough month, whether an investor, swing-trader, or day-trader…Volatility increased sharply but not excessively…Algorithms, which account for more than 70% of daily volume ran wild in both directions, causing intra-day moves to be “fast n … Continue reading
Early test of Cycle Day 1 (CD1) Low during Open Range held firm allowing price to rally reaching average range +14.50 handles. Continued strength in overnight has price up an additional +8 handles as of 8 am ET, securing another … Continue reading
Last week’s trade saw increased volatility with the Algorithm’s whipping around price in each direction causing increased “trader anxiety”. Though the bigger picture remains bullish, there definitely seems to be a Change of Character (COC) to a more “risk-off” posture. … Continue reading
In Wednesday’s DTS we wrote about violation of FED Day Low qualifying as a “Change of Character” (COC) in market sentiment. Trade Strategy 09.23.24 We followed up by stating: “Any future price rallies may now be met with increased responsive selling … Continue reading
Price held firm above the ONL outlined in prior Strategy Report. This setup an early test of key support during Opening Range…Once price penetrated and converted 1976.25, then the “trading tide” shifted in favor of Bulls. It was game on … Continue reading
***Note: This DTS Briefing Report was composed at 8 pm Tuesday evening for Wednesday trade session. Cycle Day 1 (CD1) certainly lived up to its reputation of probing for a new secure low…Downward price momentum hit and exceeded Average Range … Continue reading
S&P e-mini has now violated the FED Day Low (1983.25) in overnight trade. Should this violation hold during the Pit Session when volume participation is at it’s greatest, this would certainly qualify as a “Change of Character” (COC) in market … Continue reading
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