Don’t Get Chopped by Knee-jerk Trading! After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. The index is likely in a whipsaw zone where the price action would be choppy. Both bulls and bears need to be cautious against entering trades without clear confirmations. For positional trading:...

Inside the Chop Zone After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. With this morning’s attempt to rebound, the index is likely entering a zone where the price action would be choppy. Bulls need to be cautious entering longs while the index is below 4180. For...

Entering the Chop Zone After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. With this morning’s attempt to rebound, the index is likely entering a zone where the price action would be choppy. Bulls need to be cautious entering longs while the index is below 4180. For...

Bullish Bias Negated Our trading plans yesterday stated: “After turning flat yesterday, Our models entered the flat bias range, indicating to sell any long positions and stay flat. Our models’ key level on S&P – 4145 for a daily close – is likely to be breached today. If it happens, then our models will flip...

Key Levels Under Attack With yesterday’s melt down in Tech stocks, our models entered the flat bias range, indicating to sell any long positions and stay flat. Our models’ key level on S&P – 4145 for a daily close – is likely to be breached today. If it happens, then our models will flip to...