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
Price of S&P e-mini futures (ES) swung between a high of 2010 and low of 1988 last week creating an increasingly wide trading range. The disparity in trade throughout the week suggests differing viewpoints between traders/investors on accepted value. This … Continue reading
Yesterday’s price action was text book Cycle Day 3 (CD3). Having achieved cycle targets on CD2, price retested cycle high at 2010 and failed to convert higher. This setup a reversal condition which was triggered on violation and conversion of … Continue reading
Early strength yesterday lead to the expected “back n fill” consolidation laid out in prior Daily Trade Strategy. The current cycle continues to play out as scripted, so no change in underlying assumptions that bulls continue to dominate with no … Continue reading
Yesterday’s Cycle Day 1 (CD1) played out perfectly with early shorting opportunity against the Open Range Rotation Midpoint level 2003.50 and the STATX Zone. Price declined fulfilling the Average Decline of 13.50 pts historically observed on CD1. The high (2006.25) … Continue reading
The S&P e-mini notched another Positive 3-Day Cycle during slow Labor Day Holiday trade. This most recent “Power-Cycle” which began on August 8th has produced eighteen (18) consecutive up sessions. Market Breath metrics support the recent bullish price action, so … Continue reading
Yesterday was Cycle Day 1 (CD1) as price probed lower to our anticipated support zone between 1986 – 88…The actual LOD was 1987.50. The current Cycle Price Targets range between 2001.25 – 2004.50 based upon historical observed cycle average expansion … Continue reading
S&P e-mini failed to push higher and violated the 1998 “key marker” we laid out in yesterday’s report. Having violated this level sets the 2002 handle as a short-term high. Price will need to get back above 1998 handle to … Continue reading
Average Daily Range in S&P e-mini continues to contract from a high of 20 handles down to 11 handles over the past ten (10) trading sessions, as price continues to grind higher to new contract highs. Below average volume suggesting … Continue reading
This current “power cycle” qualifies for a “Bulls Bull Market”…Price strength with shallow pullbacks to prior breakout levels that hold strong. The longer higher prices get absorbed the more underlying strength builds for next assault higher. It would take a … Continue reading