MT trend: down ST trend: down After the CPI print and rug pull on Tuesday, the bulls were unable to find their footing. Being an OPEX week, MMs did a great job of stalling both sides after Tuesday LOD and kept things confined in a 60 point range between 3900 and 3960 SPX. However bounces […]
Main trend: neutral ST trend: up Buyers finally managed to stage a big up day yesterday, after all prior attempted bounced were sold hard intra-day for the past weeks. Not only that, but they also managed to win ML and macro-ML. And kept pushing higher, so both changed colour to green. The o/n saw a […]
Main trend: down ST trend: up Yesterday we noted that both main and ST trend were down as all MLs were above price and red. Mkt kept getting rejected at ML and making new lows. From and EWT stand point we mentioned that "unless bulls filled the gap quickly... it would need at least a few […]
Main trend: down ST trend: down Yesterday we noted that both the main and ST trend were down as all MLs are above price and red, while ML continues to reject any back-test. Bulls made 2 attempts to win ML yesterday. One in the o/n and one during RTH. Both were rejected and price then […]
Main trend: down ST trend: down Yesterday we noted that the ST trend was neutral as both sides were inefficient, while the main trend was up as buyers managed to hold above ML. We had some more whipsaws near ML, but finally it was defended once again and buyers then proceeded to yet another up […]
Only trade in the direction of the trend (the trend is given by the 3 MLs - when all 3 are below price and green - trend is up. When all 3 are above price and red - trend is down). Pre-condition When FGSI/IGSI get below 30, start looking for a trade long. For shorts […]
ST trend: neutral Yesterday we noted that the ST trend was up, as bulls continued to push higher and even avoided a ML test, which would have been the normal expectation after an up squeeze like on the CPI numbers day. And indeed bulls managed to squeeze shorts once more after RTH open and pushed […]
ST trend: up On Friday the market gapped down big after the job numbers, however the bulls showed that they are still in control of the trend as they stepped in and filled the gap entirely, before chopping in that range for the rest of the session. Sunday saw a small pullback, which was bought […]
ST trend: up Yesterday we noted that the ST trend was up, as buyers managed to consolidate sideways after the huge up squeeze off FOMC. We also mentioned that "As long as ML is below price, bulls have the edge.". That turned out ot be true. The initial push higher off the RTH open was […]
ST trend: neutral Yesterday bears took control since the o/n after dropping price below ML. The entire o/n session price was capped by ML and then they pushed price below macro-ML into a nice flush towards 3920 lvl, overshooting it slightly. Bulls woke up then and after an unconfirmed low on FGSI managed to push […]