Category: Wrap

This week’s portion of the current rally contained multiple instances of extreme optimism. That borderline sentiment extreme absorbed several brushes with death that forced its sellers back in to fuel…
Ultimately, only one of Thu’s two most bearish elements developed, by retesting the overnight Globex Trend Extreme sooner rather than later. That allowed time for strong-handed sellers to be overtly…
Exiting Wed’s P.M. bias window into the final hour above the 7055 bias-up target invalidated the requirement to retrace the prematurely probed 7038 bias-up signal. Dirty little secret: It’s usually…

You must be a logged-in member to view this content. Click here to login. Contact me immediately if you are still seeing this message in error, Or, please consider subscribing.

Mon’s early lag following its rally out of gapping down was nevertheless resolved up. Pauses lasted longer, but dipped shallower, until the P.M. bias window exit’s extension, and ultimate short-squeeze…
This week left unfinished business below at 2 oversold RSIs, in exchange for extending last week’s rally. Its sudden, steep and substantial characteristics can be a classic bear market bounce…
Thu’s highs met and held the likely higher highs, their calculable objectives, the P.M. window bias-up target, and the top’s higher prior lows. No higher close put into play an…
Having fully recovered the A.M. window’s decline during its renewed bias-up window, it’s all but assured to reward those buyers with some higher highs. This has nothing to do with…
Recovering to post-open highs, let alone probing positive territory, was likely also to retrace 6663 previous unfinished business and 6667 overnight high, which were both probed through Tue’s closing attack…