Month-end profit-taking on S&P?

DEC. E-MINI S & P 500 ANALYSIS FOR WEDNESDAY: (9/28) Resistance overnight at 2157-2159.50. Much above 2160 and we may have to rethink the pattern and what’s happening. The most bullish scenario and would probably project 2122 on futures. Cash still wants to fill the 2164 gap from Monday. Deutsche Bank isn’t any better and…


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Will be hard to take out S&P 2149 and 2153

FOR TUESDAY: (9/27) Lots of news this week and lots of Fed Governor speak and Deutsche Bank bubbling in the background. Hard to tell would tip DB over the cliff or when it will happen and would really have to do some work on it. Sometimes these news events just gather momentum out of escalating…


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S & P patterns and cycles indicate upward action

FOR THURSDAY: (9/22) While the chances for a Dec. rate hike seem high now, not sure the trade will worry too much with projections for only 2 hikes next year. BOJ is out of the way and they disappointed and not sure Draghi can do much or will want to on Thursday. S & P…


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Stocks look higher Wednesday/Thursday

FOR WEDNESDAY: (9/21) At the moment, our bias is thinking that stocks will go higher on Wednesday and Thursday and the dollar will recover from a dovish announcement and gold will go lower into Thursday. That suggests no hike but maybe a nod for one in December for sure during the Yellen press conference. We…


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Stocks, dollar lower on Tuesday

FOR TUESDAY: (9/20) Not expecting a lot of action on Tuesday but stocks and the dollar point lower one more day and gold higher one more day. At the moment, our bias is thinking that stocks will go higher on Wednesday and Thursday and the dollar will recover and gold will go lower into Thursday….


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Bounce on gold next week, dollar/stocks lower

FOR MONDAY: (9/19) We’re getting close to FOMC-Day and that means more sickly congestions. Cycles are more volatile than usual the next few days and so we might get larger ranges than expected. Trouble with European stocks and Deutsche Bank may start meaning more than another expected decision on Wednesday not to raise US rates….


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Volatile cycles next few sessions

FOR FRIDAY: (9/16) Michigan Sentiment may be the key on Friday. Cycles are very volatile the next few sessions and while we would like to get end of the week congestive slop, there are likely to be big news events the next few trading days that increase volatility. With all of these trades now, you…


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Stocks oversold, need a bounce into Friday

FOR THURSDAY: (9/15) Lots of reports on Thursday but will the trade pay attention to them or continue in triangular congestive patterns before next Wednesday’s FOMC and Bank of Japan meetings? We have to continue to do quick trades but at this point stocks are oversold and need a bounce into Friday.


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Choppy congestion triangle probably starting early

FOR WEDNESDAY: (9/14) We’re probably going to start choppy congestion triangle early as we’re 5 sessions out from the FOMC meeting. This makes trading more precarious since you have to get in and out very quickly, which has been the case anyway lately. At least the last of the Fed cheerleaders and detractors is over…


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Can buy dips on stocks into Friday

FOR TUESDAY: (9/13) Not much news this week until Thursday and we do have the start of the Fed Governor Blackout so at least we can stop dealing with their absurd games for a week. We just hope these markets don’t move into pre-FOMC paralysis mode but that may be the case. For now we…


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