Trade Strategy 1.4.24

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 ***Written for contribution to MrTopStep’s “The Opening Print” publication. Prior Session was Cycle Day 2 (CD2):  Markets continued their decline, pushing down to the 12/20/23 lows and fulfilling Cycle Day 2 Violation Level (4747).  … Continue reading

Trade Strategy 1.3.24

Markets (Top Stories) For December, the ISM manufacturing index is expected to rise to 47.1 from 46.7, while the service index falls to 52.5 from 52.7. ADP is expected to show 113,000 new jobs were created in December versus 103,000 in November. Source: Investing.com … Continue reading

Trade Strategy 1.2.24

Markets (Top Stories) As we enter the 2024 trading year, traders can expect a year filled with both challenges and opportunities, particularly in light of the upcoming election. To navigate this complex landscape, it is essential to identify the “core … Continue reading

Trade Strategy 12.28.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ Investing.com — Oil prices fell Wednesday, handing back some of the previous session’s gains, as shipping companies returned to the Red Sea despite fresh attacks, stabilizing supplies through this crucial region. U.S. inventories … Continue reading

Trade Strategy 12.27.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar  https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3):  Positive 3-Day Cycle as price continued to rally fulfilling CD3 Penetration Levels. Prior range was 34 handles on 626k contracts exchanged.   …Transition from Cycle Day … Continue reading

Trade Strategy 12.26.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar  https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2):  This cycle day saw price pullback sharply from upper range edge to test 3 Day Central Pivot Zone where buyers responded to the weakness, rebounding … Continue reading

Trade Strategy 12.22.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1):  Price established a new cycle low at 4751 as buyers defended the “all-important” 4750 (4700 SPX) level following prior session’s selling-rout. Prior range was 47 … Continue reading

Trade Strategy 12.21.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar  https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3):  Upper Target Zone (4825 – 4830) as outlined in DTS 12.20.23 was fulfilled and ultimately “capped” the upside to this Positive 3-Day Cycle. Prior range … Continue reading

Trade Strategy 12.20.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior Session was Cycle Day 2 (CD2):  Normal CD2 as price consolidated in DTS’s upper target zone between 4815 – 4825 … Continue reading