Looks Like the Bulls – While Still Strong – are Feeling Tired… Thursday’s action in S&P 500 is noteworthy since it approached but failed to pierce two important levels – the day’s high at 2779.90 just fell short of taking out our proprietary key level of 2780, and the day’s low at 2760.16 just fell (more…)

The Bulls Charged Ahead Full Force – About to Get Tired? In our forecast for Wed, 06/06/18, we said: “The index failed to close above that band for two days in a row, closing at 2746.87 on Monday and at 2748.80 on Tuesday. The bulls have to clear this and close above 2750 today for (more…)

What Can Stop This Bull Run? As mentioned in our IntradayAlert published on Monday, June 4th, our models indicate that the 2740-50 band is now the critical resistance band for S&P 500 Index, which is going to hold the clue about the next directional bias of the market. The index failed to close above that band for (more…)

The Market Bull Sizing Up the Resistance Ahead As mentioned in our IntradayAlert published today, our models indicate that the 2740-50 band is now the critical resistance band for S&P 500 Index, which is going to hold the clue about the next directional bias of the market. The index registered the session high at 2749.16, (more…)

It’s a dogfight between the bull and the bear! No bear territory yet! If all the headline news and the market buzz have you feel that the markets are tanking and you wish you sold all your holdings, you are probably not alone! Nor are you particularly to be blamed for feeling overwhelmingly negative, since (more…)

This tug-of-war, we witnessed just a couple of weeks ago! The market action today has been almost the flipped version of it from yesterday (especially so if you consider the e-mini futures market as well). The apparently stalled S&P 500 Index that was confied to a directionless channel of about 40 points wide for more (more…)

Weakened bull and a happy bear! Neither is forceful for now… The apparently stalled S&P 500 Index that was confied to a directionless channel of about 40 points wide for more than two weeks has finally broken below that channel, confirming a weak bull. Model Biases/Outlook: Having broken below the strong support band of 2710-2700 and probing (more…)

The bull standing its ground BUT struggling to push forward  Last week the S&P 500 Index #SP500 #SPX  #SPY #ES closed lower for the week. This marked second week of losses for the index. Nevertheless, the index continues to stay above the key level of 100-DMA since it closed above the indicator on 5/10/2018. Importantly, (more…)