The Bear Trap We Cautioned on 05/20 Starting to Ease? In our trading plans published on Fri. 05/20, we wrote: <<< Our models need a daily close above 3935 for the pressure around this level to be eased. While the index is below that level on a daily close basis, the 3855 level battle is (more…)

The Battle of 3855 (3854.90, to be precise), Attempt 3? Despite a second attempt yesterday at cracking the 20% down level for the S&P 500 Index from its all time high of 4818.62 – which comes in at 3854.90 – is yet to be breached. If the index survives another attempt to breach it, then (more…)

The Battle of 3855 (3854.90, to be precise) The 20% down level for the S&P 500 Index from its all time high of 4818.62 comes in at 3854.90, which is yet to be breached. After testing the session low at 3858.87 (3855 on the e-mini futures) last Thursday, 05/12, the index rebounded from that level. (more…)