S&P Daily Pre-Market Prep 2/1/17
On Monday we were looking for a test of the old range and we now have that - so we need to see some speculators jump on board long now. Upside has really good potential if people start reacting now.
On Monday we were looking for a test of the old range and we now have that - so we need to see some speculators jump on board long now. Upside has really good potential if people start reacting now.
As we discussed last week, if we can test the high of the old range and start to push up, I think that gives us a good chance of a high participation move up. If not and we drop back into the...
Shown in the chart below, the ES seems to be following suit as far as the volume is concerned in this spike to the upside. Volume means power in relation to directional conviction, and while I would...
Onwards and upwards but not a lot of participation. I'd still like to see a pullback to 70 for a more decisive continuation up.
Holy headfake, Batman. Something actually happened!
We did break out yesterday but from a big picture perspective, we haven't had much of a move outside the range. In addition, volume yesterday was...
Still in that range. There's no need for the weekly profiles today because it's just going to tell us the same thing. I guess we need something solid from Trump before we can move one way or the...
Still in the range, and still waiting for it to break. Perhaps President Trump will help us next week.....
Still in the range and the days aren't getting easier to trade. Still looking to trade early and clock off if it starts to chop around.
Still in the range - so still waiting for it to break and still looking for the early trade in case it's a snooze fest.
Still moving sideways, so regardless of what is on the rest of the charts, the market is still stick in a narrow range and we are waiting to break that range.
We have a new blog but it's the same old us, just with a better logo and more resources for you.
