Lately, market seems to sell off during ETH session than tries to rally during RTH session. Today might be the same. Any test of yesterday's Low could provide direction for the day. Level to watch 3991 ---3989 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
Earnings Earnings Everywhere... With yesterday's daily close above 3985, our models have flipped to a bullish bias and will remain bullish while the index is above 4000. Nevertheless, models indicate a rather choppy market while the index is below 4015. Positional Trading Models: Our positional trading models indicate going short on the close if the daily close...
4037 is former r1 swing in wave, and bulls are in full control of that momentum with the breakout. there are two paths we could take. if bulls maintain that control of the 4037 level we will reac r1 soon, but back to swing p sooner if we lose it. scenario a coincides with extension, and scenario b is a continuation of b wave. im favoring the downside, but im not...
Earnings Earnings Everywhere... The nature and the tone of this week's earnings releases is likely to bring in some choppiness into the price action. According to the trading plans published on Friday, 01/20: "If the index closes above 3950 level, our models will switch from the cautiously bearish bias to a neutral bias. A daily close above 3985 will see our...
Our models re-iterate for today the trading plans published for yesterday. The market conditions have not changed that much, and the range of yesterday's trading plans is still valid for today. Happy Trading! And, a great weekend ahead!
Upside Momentum Broken Down - Day 2 In our plans published Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg". The lower bounds of this range has been decisively broken down yesterday. Our models are adapting a cautiously bearish bias while the index...
Two days in a row S&P 500 tried but could not Close above 4000 level. Did market sentiment change, should find out within next few days. Level to watch 3916 --- 3914 Reports to watch: US:EIA Natural Gas Report 10:30 AM ET US:EIA Petroleum Status Report 11:00 AM ET
Earnings, Inflation, and China Re-start In our trading plans published Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg". In our trading plans published yesterday, Tuesday 01/17, we wrote: "This range is still in effect for today's session. Models...
Earnings Season Kickoff - Day 2 In our trading plans published on Friday, 01/13, we wrote: "With yesterday's post-CPI spike in the markets and this morning's early declines after the key bank earnings, the markets are sitting at a key inflection point. While today's action looks like a consolidation and the probing of a major resistance in the 200-DMA, the price...
Earnings Season Kickoff With yesterday's post-CPI spike in the markets and this morning's early declines after the key bank earnings, the markets are sitting at a key inflection point. While today's action looks like a consolidation and the probing of a major resistance in the 200-DMA, the price action early next week could give us some early clues into the next...
in a perfect world we would be able to say that this is the start of a broader market recovery with an almost absolute degree of certainty. this is the real world however, and we all have to keep in the backs of our minds that things could still go very badly for longs. that being said bulls do appear to be keeping control of this bounce, and shorts look like...
Choppy, Range-trading Today In our trading plans published yesterday, Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg". The index failed nearing the lower end of the resistance band and got repelled from there strongly. With the CPI numbers and...
It seems of late market sells off than rallies without any conviction. Is today going to be different or same. Any test of ETH session High could provide direction. Level to watch 3953 --- 3951 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
Short Title for simple effect. If you saw my analysis previously you shall have learnt how to trade LOW movement markets that shoot either way eventually. If you bought late AFTER the breakout you may have been crunched. Price moving to light long areas. Don't do that again.
Post-NFP Momentum Building Up...for Now In our trading plans published on Thursday, 12/22, we stated: "Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis". And, our plans published on Friday, 01/06, we stated: "Our models indicate continued choppy trading while the index is within this...
Even-though, ETH session market is trying to rally, but price action suggests otherwise. Any test of ETH session High could provide direction for the day. Level to watch 3867 ---3865 Reports to watch: US:ISM Manufacturing Index 10:00 AM ET US:JOLTS 10:00 AM ET US: FOMC Minutes 2:00 PM ET
Well as we know everyone is half in and out the office.. But we can still check over the SPX Market. Mainly to determine areas of Trader Bias to the up or downside. Watch on for more lessons..