That’s all for this year folks! Have a safe and happy holiday, and we’ll see you all in 2017 ES mainly went sideways yesterday. It had a narrow range day, which shouldn’t surprise anyone. The bias favors upside during holiday season. Member content … Continue reading
The ES ended the day with a small gain on thin volume. The Dow is continuing the march toward 20,000 and seems to be pulling the SPX along with it. This isn’t the Santa Claus rally the Street was hoping for, but the market has come so far so fast since the election – now finally over with the completion of the Electoral College voting Monday – that a pause is almost mandatory. Member content This section contains the detailed buy/sell levels for Tuesday. It is reserved for paid subscribers … Continue reading
Summary The S&P 500 cash index ($SPX) closed at 2258.07 last Friday, down 1.52 points for tiny weekly loss, ending the week esentially where it began. Last week: The Fed interest rate increase, announced on Wednesday afternoon, became a convenient excuse for a retracement that had been brewing all week. The “Trump rally” had been running out of steam and the Fed provided a reason to pause. The very short time-frame remains overbought, but the market is holding above the important support around 2250 and closed above it. This week: … Continue reading
ES had a retracement day, with the price consolidating inside the prior day’s range. Today is quadruple witching day. After the US market closes, we may see a continuation pullback move. Member content This section contains the detailed buy/sell levels for Thursday. It is reserved for paid subscribers Want more? You can get instant access to this information and other valuable stuff for a modest monthly fee. Please visit this page for the details. Hi , Read or download the full trading plan here: [gview file=”https://www.naturus.com/wp-content/uploads/2016/12/161216-ES-plan.pdf”] The 2265.50-68.50 range … Continue reading
The Fed raised short-term interest rates by a quarter of a point yesterday, to the surprise of no one. However the Fed statement showed there are more than two rate hikes planned for 2017, which caught the attention of investors and traders. ES sold off after the Fed statement calling for three more increases next year. However the pullback did not do any damage to the uptrend. Member content This section contains the detailed buy/sell levels for Thursday. It is reserved for paid subscribers Want more? You can get instant … Continue reading
