Consolidation or Next Leg of Volatility? With the rejection of the 3950 level, and with the breakdown below 3855 level, the index is now testing a key range of 3765-3793. If a daily close above this range then it would indicate ongoing consolidation of the recent move up, but if a daily close below this (more…)
Results of Published Model Trades for WED 06/29 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning. (Please click here to (more…)
Range Bound Consolidation – Day 2 Our published trading plans yesterday, Tue. 06/28, stated: “Until it breaks above the 3950 level meaningfully, we could be headed for some days of consolidation within the 3850-3950 range”. The 3950 level was rejected yesterday and the index is back in the low 3800’s, potentially whipsawing around the 3855 (more…)
Results of Published Model Trades for TUE 06/28 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning. (Please click here to (more…)
Range Bound Consolidation Ahead As our last published trading plans on Fri. 06/23 stated about the 3855 level: “If and when it reaches that level, whether it can sustainably break through above that or if it gets rejected and falls lower is going to determine the next leg of action”. The index did break through (more…)
Results of Published Model Trades for FRI 06/24 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning. (Please click here to (more…)
Results of Published Model Trades for THU 06/23 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning. (Please click here to (more…)
Interim Bottom In. Target 3855 – Day 2 Our trading plans yesterday confirmed an interim bottom at 3636, and stated: “The price action that ensued indicate a potential interim bottom at that level, and there might be an attempt to retest the 3855 level from below in the coming days”. Today is Day 2 in (more…)
An Interim Low at Last Friday’s 3636.87 The 3855 level we focused on Friday, 06/10, was broken below and a new session low of 3636.87 was registered last Friday, 06/17. The price action that ensued indicate a potential interim bottom at that level, and there might be an attempt to retest the 3855 level from (more…)
Fools Rush in Where Angels Fear to Tread We brought the 3855 level back onto our readers radars on Friday, and on Monday that level was decisively broken with a daily close below it. We are now officially in a bear market, and it does NOT appear that the markets will bounce out of it (more…)
