04/30

I am considering this move to be a probe out of balance and into the prior area searching for sellers. Sellers are happy to do so at the roadblock that is 1403 HVN and VPOC 04/04-04/05 – There are a lot of stops there from the NFP sell off. mrtopstep on Friday: It’s been a…

04/27 intraday

Run up into GDP numbers but market drops 5.5 pts to ONPOC – autorally to area where selling shut buyers off 1403 – as noted. The upmove yesterday finished at the area where RTH opened after the NFP on 04/04. I have marked this with a gray box. This area is very thin and on…

04/27

Review of yesterday and areas to watch today. RTH Chart: I found it strange that it blew through the 1392.25-1392.75 area but such was the reaction to the news that the American housing market was growing again – I noted that level yesterday and I place particular emphasis on NVPOCS when together with HVN’s. I…

04/26

Have been saying 86-88 is selling off and anything over 91 brings 2012 highs into play Here is how my prediction for yesterday looks after the fact – A pullback came just after I posted and it was to 1376.25 – it did not pullback in the RTH session and went on to the NVPOC…

04/25

Today I expect action in the areas 1374-1387/1388 (black box marked). FOMC day notorious for buy the rumour / sell the news or just buy the QE3 rumour if things look bad. Possible gap close on 1374.25 with initial upside capped again at 1381/1382 and then a move to 1387/1388 Rationale for upside R at…