Key Levels Being Tested – Models Sitting Out Our models are not sporting any directional bias as they are watching the key 2830-2850 level for a breakout or rejection. A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key levels today. Models caution (more…)

Key Levels Still Being Fought Our models are not sporting any directional bias as they are watching the key 2830-2850 level for a breakout or rejection. A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key levels today. Models caution against shorting for (more…)

Expect a Dog Fight Around the Key Levels being Tested Our models are not sporting any directional bias as they are watching the key 2830-2850 level for a breakout or rejection today. A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key levels (more…)

Directionality Still Brewing Our models have negated the bullish bias yesterday, but have not confirmed the downside yet, even though we got a daily close below 2755 level yesterday. Any directional bias in the markets still appears premature and our models are in an indeterminate state. Only tight, range trading is indicated while the directional (more…)

Inflection Point Confirmed to the Downside? With yesterday’s price action in the equity indexes (albeit apparently being driven by the dislocations in the oil markets) confirming the breakdown below the 2796 level that we have been pointing to in our morning trading plans for the last couple of weeks, our models have now negated the (more…)