Coronavirus Moving from an Epidemic to a Pandemic Status?! Our models’ indication of the critical range of 3340-3380 – reiterated for the last many days – was tested on Thursday with the session low coming close at 3341.02, followed by a clear break down on Friday, 02/21, with the session low coming in at 3328.45! (more…)

Trading Range, Intact! Our models’ indication of the critical range of 3340-3380 – reiterated for the last many days – is still in play, despite the confusing and inexplicable sudden drop in the markets yesterday. Some astute readers have noted that the session low at 3341.02 has come just about one point from our range (more…)

Critical Range: Imminent Breakout? The critical range of 3340-3380 is still in play, but is likely to be broken out of very soon. Despite no improvement in the coronavirus headlines, markets seem to be taking no bad news as good news and trying to break out to the upside in the overnight futures. Models are (more…)

Critical Range: Break-out or Fall-in? From our Friday’s trading plans: “Yesterday, S&P 500 Index closed at 3374, but the price action left our models still in the indeterminate state as they are looking for a close above 3380 today to confirm the recent break out”. Some readers reached out with incredulity that the index actually (more…)