Category: Wrap

Mon’s intraday high is a 61.8% retracement between last week’s high and Fri’s low. Mon’s lows were essentially supported by that measurement’s 38.2% counterpart. So, no net momentum registered for…
First, some important context: Fri’s collapse snapped up sharply into the cash session close to 6563, and then through it pretty substantially to 6592. The 6563 cash session was a…
Finally meeting the 6616 attraction below gave the market a recovery opportunity to exploit. The last 60-90 minutes entry was posturing to launch another downleg when Iran headlines pushed price…
We waited out Wed’s pre-FOMC events expecting at least a brief dip to 6708 — the 61.8% proxy between Fri’s close and Mon’s opening gap. It’s test did trigger a…
Strategy Planner identified the overnight reversal pattern and its trigger, which launched a 65-point rally through Tue’s open. That’s a glimpse of what kind of upleg to anticipate will develop…

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Two primary bullish setups that triggered through Fri’s 1st-15 were not only unproductive, but their influence failed to prevent the A.M. window’s downtrend. That said, the 6733 9:45 print is…
Thu’s last-minute lows fulfilled the 6674-6677 room for noise under Mon’s 6682 opening gap-fill. Unfinished business and selling pressure is all satisfied, but the burden of proof is still on…
The early afternoon headline’s knee-jerk reaction back to session lows inhibited stronger-handed sponsorship. Whether stronger hands are also bearish, or bullish, they’ll typically await weaker-handed trading to play out. Afternoon…