Breakout Test Today Since Monday three weeks back (11/09), 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”. Last three weeks’ price action in the index adhered to that theme. With the index breaking above the 3600 level (more…)

Range Breakout Today? Since Monday two weeks back (11/09), 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”. Last two weeks’ price action in the index adhered to that theme. With the index breaking above the 3600 level (more…)

Range-bound Volatility? Since Monday two weeks back (11/09), 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”. Last two weeks’ price action in the index adhered to that theme. With the index back in the vicinity of the (more…)

Two Weeks Stuck in a Broad Range 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. This week so far, the index has attempted to break above (more…)

All Noise, No Signal? 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. This week so far, the index has attempted to break above the 3600 level (more…)

Bouncing Around the Broad Range 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 this Monday stated: “If the index achieves a daily close (more…)

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…)