Yesterday’s bounce retraced about one-third of recent decline…not very impressive given how strong bulls have been. That said, a retest of 1632-35 zone seems necessary to determine if there is solid footing for further up for bulls or whether there … Continue reading
Our comments past few days has served us well as we remained vigilant for a “sharp reversal”. Shortie having been squeezed out during early Bernanke testimony only to reverse sharply as “Uncle Ben” responded hawkishly to question regarding the Fed’s … Continue reading
Based upon 3-day Bullish Cycle there is potential to reach upper targets measuring 1681.00 – 1685. IF prior day high (PDH) is penetrated THEN that upper target is “in-play”. A failure at PDH would setup an intra-day reversal to retest 1660.00. IF the 1660.00 level … Continue reading
Key “Line in Sand” for Bulls as stated in Tuesday’s trade strategy was 1659.75…Low of Day (LOD) was 1660.00! Bulls defended that level aggressively during day 2 of 3-day Bullish Cycle. Persistence until Resistance has been the ongoing theme and … Continue reading
Yesterday’s trade strategy played out nicely as price broke out from Friday’s high propelling it up into the Money Box and upper X-Zone where the reversal began. The average decline anticipated from the high measured between 8 – 12 handles hit squarely … Continue reading
Good Morning…Though Markets have had a historic asent, we must remain vigilant for a pullback…Friday’s action may have squeezed some of the most stubborn Bears into covering…If that’s the case, then we must be careful on any downside momentum development, … Continue reading
SHIFT http://t.co/ImYGsX1SFA — PolarisTradingGroup (@PolarisTrading) March 1, 2013
Shorting VXX Open Range paid handsomely http://t.co/ycDefJlr4t — PolarisTradingGroup (@PolarisTrading) February 27, 2013
ES nailed Target at 3D CPZ 1519.75 and bounced http://t.co/gYGFhtT6 — PolarisTradingGroup (@PolarisTrading) February 20, 2013
In our previous post we questioned whether the recent pullback was ‘just a correction or the beginning of something deeper and sinister?…The answer will certainly be revealed in due time.’ Well, it took all but the next trading session to … Continue reading