Iran headlines influence had already ratcheted down a notch or two before Thu’s intraday headline that nevertheless launched a rally through the close. The headline reaction’s maximum pullback was the…
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Wed’s inside day qualifies as a Transition day. That’s not a reversal signal, not unless combined immediately with appropriate price action. Overnight’s Globex-flip setup is a good start. That is,…
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Tue’s afternoon bounce had peaked precisely at the intraday drop’s 61.8% retracement. That suggests the 150-point, 2-hour bounce developed because sellers stopped, and not because strong-handed buyers began. Reinforcements could…
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Globex’s initial dip wasn’t arbitrary. Not only did it spike back up at the 7392 bias-down signal support, but it soon held the dip’s retest — while RSIs diverged positively….
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…Converting the relief rally into a more substantial corrective bounce requires almost literally exploding higher — at the right time and from the right level. ES just exploded higher, but…
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First, the bullish scenario. That would be a favorable reaction to the pre-open Employment Situation report, maintained through Fri’s 1st-15. That would be the result of overnight’s drop being last-minute…
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Wed’s slide qualifies as a trend change, even without considering its post-close collapse. The setup can be invalidated as soon as Thu’s close by recovering 7594. But a second consecutive…
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Tue’s late high held the 7630 proxy for its retest of the A.M. window high. The proxy measurement allows the lower high to qualify as a double top — a…
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Retracing Mon’s lows overnight has bounced 61.8% back to Mon’s highs, coinciding with Mon’s higher prior lows, essentially resetting sellers. So, gapping down through Tue’s 1st-15 is still likely to…
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