Real or a Facade? Market futures dipped overnight and then are up meaningfully after the session open this morning. While our models caution to ignore today’s and tomorrow’s price action due to the Quarter-end window dressing today and first-of-month systematic investing flows tomorrow, current levels indicate potential move to the upside than downside while the (more…)
All Noise and No Signal With no real economic or market driving news headlines out there, it looks like the quarter-end window dressing might be the only game in town for the next couple of days – other than the debate tonight which may or may not have much of an impact on the markets. (more…)
Quarterly Window Dressing…Early? After easily taking the upper end of our models’ range of 3200-3250 on Friday, the index has gapped up and rallied strong this morning. With no real economic or market driving news headlines out there, it looks like the quarter-end window dressing has started early this quarter? It remains to be seen (more…)
Pondering Next Strike Yesterday’s attempt to recover some of the losses are being tested this morning. A daily close outside the range of 3200-3250 is needed for either side to gain an upper hand. Choppy, volatile trading within the range. Read below to check out our models’ trading plans for today, with specific entry and (more…)
Weaker Jobless Claims Unexpected? If you have been paying attention to the news flow and the reality on the grounds (not the political propaganda from either side) regarding the pandemic, you would not be surprised or despaired by the weaker jobless claims this morning. Rather, anyone with any common sense and independent thinking still intact (more…)
Choppy Trading in Broad Range Our trading plans yesterday morning stated: “After getting the shake-off our models have been calling for the last two weeks, they are flashing a bit of caution for the bears to not jump all-in yet. There could be a price action in the coming days towards filling the gap from (more…)
The Much-loved Bull Isn’t Dead, Yet After getting the shake-off our models have been calling for the last two weeks, they are flashing a bit of caution for the bears to not jump all-in yet. There could be a price action in the coming days towards filling the gap from yesterday at 3329. That level (more…)
Critical Support Broken! Our Friday’s trading plans stated (anyone can verify it at https://tradersai.com/sp-500-model-trading-plans-for-fri-09-18/): “The index tested the lower bound of the range our models have been referring to for the last few weeks (3420 to 3340/3350). After testing 3330 on the opening yesterday, it staged a rebound from there albeit anemic. If the 3370’s (more…)
Critical Support Under Attack, Again Yesterday’s trading plans stated: “3340/3350 should act as the key battleground. If it breaks to the downside, our models will turn bearish. 3420 needs to be broken above for the next leg up. Expect choppy, range-bound trading within the 3340-3420 range”. It remains effective for today as well. The index (more…)
Critical Level On the Range Being Tested Following no surprises from the Fed yesterday, markets have been testing the lower bound of the range our models have been referring to for the last few weeks (3420 to 3340/3350). After being down by more than 1.5% in the overnight futures market, the index has tested 3330 (more…)
