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…)
Results of Published Model Trades for FRI 06/10 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…)
Next Leg to Retest the 3855 level? As we wrote in our trading plans yesterday morning, the “bear trap” has been broken and the bears are on the attack again. Both our positional trading models and our aggressive intraday models did very well yesterday, and are pointing to further downside to unfold in the coming (more…)
Results of Published Model Trades for THU 06/09 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…)
The Bear Trap We Cautioned on 05/20 Starting to Ease? In our trading plans published on Fri. 05/20, we wrote: <<< Our models need a daily close above 3935 for the pressure around this level to be eased. While the index is below that level on a daily close basis, the 3855 level battle is (more…)
Interim Low In at 3855 In our last trading plans published on Thu., 05/12, we wrote: “If/when the S&P hits that level at 3855, our models expect an initial reaction of rebound. Whether that rebound would stave off the bear market or will be short lived is anybody’s guess”. Markets hit that 3855 session low (more…)
Results of Published Model Trades for TUE 05/24 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 (more…)
The Battle of 3855 (3854.90, to be precise) The 20% down level for the S&P 500 Index from its all time high of 4818.62 comes in at 3854.90, which is yet to be breached. After testing the session low at 3858.87 (3855 on the e-mini futures) last Thursday, 05/12, the index rebounded from that level. (more…)
Results of Published Model Trades for MON 05/23 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…)
