Today’s Spike Up Sustainable? Our models are suspicious of today’s spike up as caused by the “first-of-month” artificial/systematic inflows, and remain in bearish bias while the index is below 3905 on a daily close basis. The index has breached and broke down below our range of 3930-3880 after spending four weeks within that range –...
Market Bear Taking a Peek The likely market top we hypothesized in our Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going...
Whipsawed Back into our Range! Our words from Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going to be stuck within this...
Range Lower Bound Breach Sustainable? Our words from Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going to be stuck within this...
Range Lower Bound Under Attack Our words from Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going to be stuck within this...
Confirmed Stuck. Now What? As our trading plans indicated yesterday, the lower bound of our range came close to being pierced, and the market then rebounded back into the range. So, for the third full week, the index has been confined to trading within our models’ published range of 3930-3880. With last Friday’s high of...
Lower Bound Likely to be Tested For the last two weeks, the index has been confined to trading within our models’ published range of 3930-3880, with the Friday’s close of 3934+ registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! In the mean time, the failed...
Precarious, but Upward All of last week, the index was confined to trading within our models’ published range of 3930-3880, with the Friday’s close of 3934+ registering a potential breakout. Our models are starting this trading week with 3930 as the baseline to watch. For positional trading, models indicate a long bias while above 3930...
Range Bound This whole week, the index has been confined to trading within our models’ published range of 3930-3880, and it looks like we might be closing within that range today as well. Models indicate no directional price movements while the index is within this range on a daily close basis. For positional trading, models...
Battleground Range In Focus! With yesterday’s session high of 3931.50 and session low of 3884.94, the index tested our models’ published range almost to the point. Until the range is breached one way or another, models indicate 3930-3880 as the key battleground range for the near term. For positional trading, models indicate a long bias...
