by Rod David | June 9, 2017 8:42 pm | free
Friday's 4 positions caught at almost 40 points combined. Gapping up dipped back down to barely touch a buy signal at 2433.25-2433.75. Its reaction up extended to its penultimate target at 2443.50, which clearly intended to contain the morning's rally. The reversal intent wasn't identified immediately, but triggering it under 2440.00 soon probed its 2436.00-2437.00 target. The next lower target at 2419.25 was probed by nearly 4 points. Another reaction reaction up triggered a buy signal at 2421.00 , probing 2429.00 before the close.
by Rod David | June 8, 2017 8:30 pm | free
Rolling the front-month quickly found sellers that triggered sell signals under 2429.00 down to a shallow target under 2425.75. The target's reaction quickly triggered a buy signal at 2428.00 and at 2433.00 that produced fresh highs at 2436.50. Sell signals under 2433.00 caught the move back down to the morning's lows.
by Rod David | June 7, 2017 8:26 pm | free
Already having signaled a multi-session pullback, the template offered confidence to early-entry. The morning's sell signals began at 2431.50, and the noon hour's plunge fulfilled the pattern's 2424.00 target at its low. A buy signal wasn't identified immediately, but it still produced almost 5 points before the close.
by Rod David | June 6, 2017 8:20 pm | free
Monday night's protracted decline had touched the morning's 2426.50 target. Post-open action stopped short of touching it before reversing up more than 7 points. Ranging sideways until a buy signal triggered that produced new highs, of which 4 points were caught by a signal related to the afternoon bias environment exit. The moves rejection fell 8 points, of which 5 points were caught.
by Rod David | June 5, 2017 4:22 pm | free
The prior week had ended in new highs. And its close was the second consecutive higher close from a multi-session range, which I consider to be a confirmed breakout. Each setup for its own reasons requires an eventual higher close. Not necessarily immediately, and not necessarily just one. Monday's narrow ranging leveraged that upside entrenchment to rest, allowing only a couple of signals to break intraday.
