After closing below its upper gamma curve on Monday, the Dow went on to test the 17,900 area as we mentioned to our readers yesterday and rebounded nicely from there. If the momentum continues, we may see it test the … Read More
The Dow has closed below its alpha and beta price levels but has not closed below the next key support level around 17,950. If this level is broken, the following support level is around the 17,880-17,900 area. Click here to join our … Read More
As we have seen, price pressure curves are formidable levels for markets to reckon with on their own and so are time pressure points. When we put the two together, however, the combination becomes unheard of! More specifically, the meeting of … Read More
The Dow, S&P and NASDAQ are still largely restricted by their upper pressure curves for the second day in a row (with the S&P being the only one to manage to close slightly above its curve). This, coupled with the … Read More
The Dow, S&P and NASDAQ all rebounded yesterday to close at or just below their pressure curves, with the NASDAQ making a higher high in contrast to the other two markets. This is consistent with the inter-market divergence theme discussed … Read More
The Dow (according to the futures quotes that we track) closed yesterday below its alpha and beta price pressure curves around 18,070. On an intraday basis, it reached a low of 17,965 in line with the 17,950-18,000 range that we … Read More
In preparation for the May 19th/20th market high, our May 18th newsletter advised our readers of the following: We should at least see a (Dow) retest of the now lower gamma level around 18125. At the time of preparing this … Read More
It was no surprise for our subscribers to see the US markets turn on May 19th/20th exactly as forecasted and communicated to them last week and early this week. Both the Dow and S&P reached their highs on the 19th; … Read More