AMPlifiedtrader

Groundhog Day. Same deal as yesterday. Gravitating around this Holding Zone. Room to break to the downside unless Bulls can close the week with some momentum.

Certainly some room to the downside to explore. Bulls have been pretty weak this week. The less attraction from the Holding Zone gives bears momentum to work with. Intermarket factors playing a role. Crude slipping continuing while yield curve trying to tell us something. If the tide does turn, bottom fishing will not end well unless the appropriate flush occurs.

Longed 42.40 Stop: 40.90 Target: 44.20 Trade Expectancy: win 0.6875 scratch 0.241071429 loss 0.071428571

31 level hit overnight and price has bounced. Expect it to hold during day session as well unless something goofy happens.

Longed 43.25 Stop: 41.75 Target: 45.00 Trade Expectancy: win 0.6875 scratch 0.241071429 loss 0.071428571

Bulls still in control. If an intraday dip does occur, expect the bullies to swoop in. Only hope for the bears is if oil can somehow drag down the indices or some news comes out to rock things.

Looking for that post fomc "trend takeoff". Perhaps it's underway. Bulls dominating momentum at the moment but they shouldn't celebrate until they break through 2444 zone. Standard all-time-high level trade setup: Makes the mark, sells off, acts as resistance once or twice, then gets run over. Only question is which test will be the run over test.

Longed 2425 Stop: 2409 Target: 2446 Trade Expectancy: win 0.78436019 scratch 0.118483412 loss 0.097156398

Post FOMC hangover. Few things contributing: news related to Trump investigation and pressure in tech. The higher price goes, the higher the probability we see some nervous, quick sell offs but I would expect the dip buyers to pop in at the appropriate levels. Bulls will have some work to do today to recover the gap but never count a good bull down as this is ...

ESU FOMC 6/14/17

2-day Fed meeting begins today. 100% chance that Fed raises overnight rate by 0.25%, all priced in already. Rate hike cycles are bullish for stocks (when inflation is "in check") so continued bullish bias with the indices. Holding zone = pivot. Looking for price to escape its hold. Yesterday's cash gap now closed. A cash open today closest to unchanged is more ...

Longed 2422 Stop: 2407 Target: 2445

TGIM

ESM 2017 Macro View

Longed 126-08 Stop: 125-16 Target: 126-24

Look for a breakout of some fashion away from this 2430 sand pit. Same Holding Zone all week so far. Once we get a clean break, fading that move might cost you $. Thinking we'll see some sort of charge going into the weekend.

Longed 1278 Stop: 1265 Target: 1295

Still needing to cleanly escape the 2430 level. Yet another day with the same "Holding Zone" aka pivot. Expecting to see more volatility today compared to past few trading days with it being #Comeyday and all.