Monday’s breakout was followed up by a neutral consolidation (inside day) which so far has held the important 1840 handle. Continuation of this pattern should set the stage for another move higher in the coming days. It’s critically important that … Continue reading
Even Captain Ahab knew that Moby Dick could not stay submerged forever and had to come up for air..Such as with the recent price action of the S&P. The Bears have tried multiple times to keep price “submerged”, only to … Continue reading
There continues to be a “battle for breakout” at the 1840 – 43 zone…Multiple attempts have not been successful, but the pressure continues to build. Resolution should come this week… Failure to convert 1843 on Friday’s options expiration resulted in … Continue reading
Greetings Traders, It’s been two-weeks now since Polaris Trading Group’s (PTG) inaugural launch on February 10th and I’d like to personally thank everyone that has visited the PTG Live Trade Room and would like to extend an invitation to … Continue reading
Yesterday’s anticipated demand zone (1818-21) proved to be the correct level from which to buy the pullback. Wednesday’s intra-day reversal without a confirming following-thru day only provided the bulls and opportunity to “buy the dip”. We cannot argue with the … Continue reading
Excerpt from yesterday’s post..”Prior Cycle targets have already been achieved, so today can either go the way of bulls or bears…” “…but as we know markets can reverse at anytime, so we remain disciplined with our trading.” As we opined … Continue reading
Quiet consolidation near highs typifies current action with no real change in trade strategy outlined in yesterday’s blog post. Here is a re-posting: Prior Cycle targets have already been achieved, so today can either go the way of bulls or … Continue reading
Markets took a time-out to honor this Great Country’s past Presidents. Today we refocus our attention to the business of trading. Quiet holiday trade session starts us off we we ended Friday’s session. Bullish mode within a whisker of challenging … Continue reading
Yesterday capped another positive 3-Day Cycle as price retraced back to January 23rd breakdown level. Bulls are clearly in control, so the trade strategy is simply “Stay the Course” of buying pullbacks to key reference zones. Current momentum seems to … Continue reading
Following strong rise on Tuesday, price took a well needed time-out to catch it’s breath in prior session. Early opening strength could not hold as price retraced back into our expected support at 1812, then consolidated between 1812 – 1818. … Continue reading