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…)

Choppy Markets Hurting both Bulls and Bears? Despite the bounce yesterday, the index is yet to break out of the range our models have been pointing to for a while. Last week, our trading plans declared: “Models now are indicating a slightly bearish bias. 3370, 3350, and 3300 areas to be next battlegrounds before further (more…)

Hold On Tight! After hitting the correction territory, the tech stocks are attempting to stage a comeback this morning. It is to be seen if the broader index would be able to break out of the range we have been pointing to. There is no clear bias while the index is within the range. Last (more…)

The Bear is Just Peeking! Last week, our trading plans declared: “Models now are indicating a slightly bearish bias. 3370, 3350, and 3300 areas to be next battlegrounds before further bias develops”. In spite of today’s early session’s bearish action, we are still within the 3350-3370 range as the key battleground. Our models are flashing (more…)