This Red-hot Bull is Broken! Our models started this week with the Monday’s trading plans stating: “This week likely to cement the 3850-60 as the new top or the new base for the next leg up. Our models indicate this week’s price action as pivotal for the next leg in the markets”. Today, the last...
All Noise and No Signal The potential inflection point our models were flashing yesterday seems to have manifested within the next few hours, with the markets’ steep drop in the afternoon session. Nevertheless, our models are NOT turning outright bearish but are still in an indeterminate state and are looking at evaluating the confirmation of...
Markets Approaching an Inflection Point! We started this week with this theme: “This week likely to cement the 3850-60 as the new top or the new base for the next leg up. Our models indicate this week’s price action as pivotal for the next leg in the markets”. On the third day – as of...
Near-term Top or New Base Likely this Week! Day 2 Once the index crossed above the 3805 level mentioned earlier last week, it has swiftly taken the 3850’s handle, tested 3860, and has been struggling to breach it. This week likely to cement the 3850-60 as the new top or the new base for the...
Near-term Top or New Base Likely this Week! Once the index crossed above the 3805 level mentioned earlier last week, it has swiftly taken the 3850’s handle, tested 3860, and has been struggling to breach it. This week likely to cement the 3850-60 as the new top or the new base for the next leg...
Last Hurrah or the Next Leg Up? Day 4 The long bias of our models has been working out well so far. The index is comfortably above the key 3780 level our models have been indicating since Friday, 01/08. Once crossed above the 3805 level mentioned earlier in the week, the index has swiftly taken...
Last Hurrah or the Next Leg Up? Day 3 The long bias of our models has been working out well so far. The index is comfortably above the key 3780 level our models have been indicating since Friday, 01/08. Once crossed above the 3805 level mentioned earlier in the week, the index has swiftly taken...
Last Hurrah or the Next Leg Up? Day 2 The main theme for our trading plans since Friday, 01/08, has been: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. We are...
Last Hurrah or the Next Leg Up? The main theme for our trading plans since Friday, 01/08, has been: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. We are yet to...
Approaching a Breakdown? Day 5 Our trading plans last Friday stated: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. That has been the main theme for our trading plans this whole...
