Category: UPDATES

Gapping up and extending into the noon hour and then hovering through the close would form a Gap-and-fill setup. Tue’s session would likely correct back down to enable Wed’s rally…

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The prior Wed’s trend reversal had dipped intraday to 7603 before its temporary detour back up. Today’s gap up to and through 7603 must be maintained into the noon hour…
Fri’s higher close was above Wed’s Transition Day highs, gaining traction for the effort. Their overnight highs had held as resistance, and that lack of upside momentum all but requires…

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Fri’s afternoon range was supported at Thu’s 7420 high [basis Mar, 7482 Sep] and closed higher. Globex and post-open higher highs weren’t extended, but that lack of upside momentum wasn’t…
Buying the Iran headline reaction surge couldn’t be justified, not without even correcting 38.2%, let alone 61.8%. The extreme optimism still extended 15 points higher momentarily before collapsing 4x that…

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It’s difficult to justify buying the headline reactions surge while attacking overnight highs to within 2-5 points. Especially after an earlier recovery was poised at the 7421 bias-up signal in…