Buy the Rumor, Sell the News? Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. Our trading plans yesterday stated: “If the index achieves a daily close (more…)
Range Breakout? Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. Overnight futures and the morning action indicates the 3600 level being tested. If the index achieves (more…)
Range Consolidation Our Trading Plans Monday (11/09) morning stated: “Our models indicate big moves unwinding for the next few weeks on either side. They sport a long bias while the index is above 3550, and a short bias below 3500”. That day, the index indeed closed at 3550.50 – just 0.50 points away from that (more…)
Bouncing Around Within Range Our Trading Plans Monday (11/09) morning stated: “Our models indicate big moves unwinding for the next few weeks on either side. They sport a long bias while the index is above 3550, and a short bias below 3500”. That day, the index indeed closed at 3550.50 – just 0.50 points away (more…)
Consolidating Within the Key Range Our Trading Plans Monday (11/09) morning stated: “Our models indicate big moves unwinding for the next few weeks on either side. They sport a long bias while the index is above 3550, and a short bias below 3500”. That day, the index indeed closed at 3550.50 – just 0.50 points (more…)
Markets Getting Tightly Wound Up Our Trading Plans yesterday morning stated: “Our models indicate big moves unwinding for the next few weeks on either side. They sport a long bias while the index is above 3550, and a short bias below 3500”. The index indeed closed at 3550.50 – just 0.50 points away from the (more…)
Missed Opportunity or Disciplined Trading? Our election-day (11/03/20) trading plans stated: “Our Friday’s trading plans stated: ‘Our models indicate a positional bias to the downside while the index is below 3333′. A daily close above is needed for our models to flip from the mildly bearish bias. A daily close below 3300 today will indicate (more…)
Election Day – Models Not Trading Today! Our Friday’s trading plans stated: “Our models indicate a positional bias to the downside while the index is below 3333”. A daily close above is needed for our models to flip from the mildly bearish bias. A daily close below 3300 today will indicate to further pressure down. (more…)
Hold on Tight! Our Friday’s trading plans stated: “Our models indicate a positional bias to the downside while the index is below 3333”. The index is testing this level this morning. A daily close above is needed for our models to flip from the mildly bearish bias. A daily close below 3300 today will indicate (more…)
Dead Cat Bounce? Yesterday’s regular session rebound proved only short lived as they were wiped out in the overnight futures session. As we said in our trading plans yesterday, the index technicals are badly damaged for the bulls’ side with the market breaking below the key levels our models have been monitoring (and publishing) for (more…)
