Last Hurrah or the Start of the Next Leg Up? For the last two weeks, the main theme of our daily morning trading plans has been: “our models do NOT point to any bearish bias, yet. Possible consolidation ahead while the index is between 3390 and 3340”. The theme remains intact for today, and possibly (more…)
Up or Down – the Road Ahead is Not Straight In our model trading plans on Wednesday morning, we wrote: “After successfully calling the break to a record new high, our models point to a possible exhaustion in the leg-up before any meaningful continuation to manifest”. That “possible exhaustion” seems to be setting into the (more…)
Early Signs of Record Run Fatigue… In our model trading plans yesterday morning, we wrote: “After successfully calling the break to a record new high, our models point to a possible exhaustion in the leg-up before any meaningful continuation to manifest”. That “possible exhaustion” our models were pointing to materialized overnight (purportedly starting with the (more…)
Record High Exhaustion or Next Leg-up Exhilaration or… After successfully calling the break to a record new high, our models point to a possible exhaustion in the leg-up before any meaningful continuation to manifest. However, bears should not jump in to take any directional short positions yet, as the market internals point to bullish bias (more…)
S&P 500 Index Made a Record High This Morning! What Now? Sixth time IS a Charm, after all! We wrote in our yesterday’s trading plans: “After failing four days in a row to breach the pre-pandemic record high, the index appears all set to test the record high and succeed this week, if not today”. (more…)
