Testing the Models’ Range After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. The index is likely in a whipsaw zone where the price action would be choppy. Currently our models are sporting a flat bias (no open positions). A daily close below 4098 is needed for...

Don’t Get Chopped by Knee-jerk Trading! After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. The index is likely in a whipsaw zone where the price action would be choppy. Both bulls and bears need to be cautious against entering trades without clear confirmations. For positional trading:...

Inside the Chop Zone After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. With this morning’s attempt to rebound, the index is likely entering a zone where the price action would be choppy. Bulls need to be cautious entering longs while the index is below 4180. For...

Entering the Chop Zone After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. With this morning’s attempt to rebound, the index is likely entering a zone where the price action would be choppy. Bulls need to be cautious entering longs while the index is below 4180. For...

Bullish Bias Negated Our trading plans yesterday stated: “After turning flat yesterday, Our models entered the flat bias range, indicating to sell any long positions and stay flat. Our models’ key level on S&P – 4145 for a daily close – is likely to be breached today. If it happens, then our models will flip...

Key Levels Under Attack With yesterday’s melt down in Tech stocks, our models entered the flat bias range, indicating to sell any long positions and stay flat. Our models’ key level on S&P – 4145 for a daily close – is likely to be breached today. If it happens, then our models will flip to...

When Bad News is Good News With yesterday’s close above 4202, the cautionary stance our models took a week back is taken out, for now. This morning’s disappointing jobs numbers are helping ease concerns of interest rate rises soon, and that is driving the markets up. One month after turning bullish on 03/30, on Thursday,...

Choppy Trading Inside the Range One month after turning bullish on 03/30, on Thursday, 04/29, our models turned cautious and we published in our trading plans: “Our models are flashing some early signs of exhaustion”. Cautioning against the bullish price action early Monday as “first trading day of the month” phenomenon, our trading plans stated:...

Range Bound Trading One month after turning bullish on 03/30, on Thursday, 04/29, our models turned cautious and we published in our trading plans: “Our models are flashing some early signs of exhaustion”. Cautioning any bullish price action Monday as “first trading day of the month” phenomenon, our trading plans stated: “The choppiness this morning...

Caution, Reiterated! One month after turning bullish on 03/30, on Thursday, 04/29, our models turned cautious and we published in our trading plans: “Our models are flashing some early signs of exhaustion”. Cautioning any bullish price action yesterday as “first trading day of the month” phenomenon, our trading plans published yesterday morning stated: “The choppiness...