Hold on Tight! Our Friday’s trading plans stated: “Our models indicate a positional bias to the downside while the index is below 3333”. The index is testing this level this morning. A daily close above is needed for our models to flip from the mildly bearish bias. A daily close below 3300 today will indicate (more…)

Dead Cat Bounce? Yesterday’s regular session rebound proved only short lived as they were wiped out in the overnight futures session. As we said in our trading plans yesterday, the index technicals are badly damaged for the bulls’ side with the market breaking below the key levels our models have been monitoring (and publishing) for (more…)

Bull Damaged, Bear Taking a Peak The index technicals are badly damaged for the bulls’ side with the market breaking below the key levels our models have been monitoring (and publishing) for the last two weeks. While there might be recovery attempts today, the positional bias is to the downside while the index is below (more…)

Be Extremely Agile when Playing in Big Waves! With the market breaching our models’ key level of 3390 on Monday, and the overnight breakdown in the futures confirmed our bias form yesterday’s trading plans: “the indications are for the downward pressure to continue while the index is below 3415. Expect wild gyrations in either direction (more…)

Whipsaw Within the Key Range With the market breaching our models’ key level of 3390 yesterday, the indications are for the downward pressure to continue while the index is below 3415. Expect wild gyrations in either direction while within the 3415-3375 range. Our trading plans last Monday stated: “Our models are sporting a mildly bearish (more…)

Our Models’ Key Range Comes Into Play! Our trading plans last Monday stated: “Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to take hold. Between 3485 and 3390, our models would be mildly bearish. Below 3390, they would switch to an outright bearish (more…)

Whipsawing Within Key Range With the stimulus talks being milked by politicians and wall street talking heads alike, the markets are stuck gyrating within a tight range with every headline about the imminent stimulus deal. Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias (more…)

Endless Stimulus Talks With the stimulus talks being milked by politicians and wall street talking heads alike, the markets are stuck gyrating within a tight range with every headline about the imminent stimulus deal. Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to (more…)

Stimulus Hope or Covid-19 Despair? Yesterday’s break down below our models’ level of 3485 has the models sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to take hold. Between 3485 and 3390, our models would be mildly bearish. Below 3390, they would switch to an outright (more…)