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 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…)

Today, It’s All About The Fed! The Fed is going to announce their interest rates decision for the last time before the elections. While no one is expecting any surprises (if you expect a surprise, is that still a surprise?), investors are keen to parse the Fed’s every word for clues about the outlook on (more…)

Markets Still at Crossroads The trading range of 3340-3400 trading range that our models have been pointing to is under expansion attempts by the bulls, but still remains a range nevertheless. 3420 needs to be broken above for the next leg up, and 3340 needs to be broken below for any leg down. Expect choppy, (more…)

  Range-bound Trading to Continue The trading range of 3340-3400 trading range that our models have been pointing to is indicated to be in effect by our models for today. Our models are flashing warning signs for more bearish action while the index is below 3350. Expect choppy trading within the 3340-3400 range. Read below (more…)

All Noise and No Signal ? In spite of this week’s wild action so far, we are still within the 3350-3400 trading range that our models have been pointing to. Our models are flashing warning signs for more bearish action while the index is below 3350. Expect choppy trading within the 3340-3400 range. Read below (more…)