AMPlifiedtrader

Suspecting tight range base-building to be taking place over next day or two. Wouldn't be surprised to see the Bulls reclaim their throne. Scalp-mode activated again today. An upside breakout failure of the Holding Zone would be a big sell sign.

Not a surprise that 2425 was the halt point of the sell off (at least temporarily). With today being Friday, I'm not expecting much even with the spike in volatility. Either some back and forth action or perhaps some rebounding. My mindset for today is pure scalp mode. Bulls love seeing cheaper prices just so they can keep adding to their Spooz addiction.

2472 has held well for the Bears. Unless Bulls can get their sh*t together then I'd expect a slide to 2451 today but the real price magnet being 2441. Still watching Crude to see if the slide gains any momentum. If 2472 occurs again, prob would be advantageous to NOT attempt to fade again.

2472 has been hit, and target is reached. Price can now go back down as it appears the late shorters have now been stopped out. That is, if it wants to. Fading an upside breakout of the Holding Zone is more attractive than buying a downside break from it. Today might be a day to watch Crude for clues. Zero correlation between the two but some days they like to ...

All is safe in the world again! Rejoice. 2472 will be price magnet to watch this week. Also the level the Bulls need to take control over to regain their momentum. Would likely want to buy the downside gap fill if it occurs in the next day for two.

TGIF. Looking for that "3rd day reversal" today. 2425 bull zone is big time area. Good odds of it holding if price can get down there. Obviously avoid if bombs go off but if the status quo remains the same, a dip after cash open will be a buy I think and then watch algos run price back up. If no sell off after cash open, and just higher trade, then I'd just scalp ...

Same situation as yesterday. Overnight boys sold, now waiting for the NY crew to buy...that is if they want to. Feel more comfortable buying the 2nd bull zone instead of testing yesterday's lows. Feel even more comfortable fading a pop. Let's play.

shorted: 126-14 Initial Stop: 127-06 Trade Expectancy: win 0.757861635 scratch 0.20754717 loss 0.034591195

Reversal day yesterday on the Daily chart. But only real reversal if there's continuation of the move. Korea scares keeping futs lower overnight, but look for Bulls to take advantage of the pull back at some point today. Unless a bomb goes off, there will be points to buy. Today should provide some good swings.

Consolidation in play. Be mindful of breakouts. One is overdue. Everyone is looking at the same thing so being patient and waiting for the stops to get hit will pay dividends. As always, trading "in the middle" is 50/50 shot. Let those fools get ran over and enter when they get taken out.

Purple lines represent the Summer range thus far. Expecting an upside breakout eventually. Depends how bad the Bulls want it. Lack of interest could keep price within this range ALL Summer, but hopefully thats not the case.

Shorted 1221 Stop: 1234 Target: 1203 Trade Expectancy: win 0.572727273 scratch 0.215151515 loss 0.075757576

Shorted 125-19 Stop: 126-11 Target: 125-00 Trade Expectancy: win 0.757861635 scratch 0.20754717 loss 0.034591195

Still waiting for this rounding top action to work itself out. Summer market boredom. Might not see any real action until Wednesday with Yellen.

Yellen will give her semiannual monetary policy testimony before the House Financial Services Committee On Wednesday which will be the highlight of the week. Other news makers will be inflation data later in the week, Healthcare nonsense, plus moves in Crude. 2428 might give some difficulty from an intraday perspective. Some rounding top action that has taken ...

Longed 2418 Stop: 2402 Target: 2439 Trade Expectancy: win 0.785377358 scratch 0.117924528 loss 0.096698113

2417 is the line in the sand today. Pick your side.

Starting the second half of 2017 not far from all time highs. Markets could be a bit hungover today to start until FOMC minutes are released later this afternoon. 2417 zone will be a big spot for the Bulls. I'd reckon it should likely hold.