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Prices have been mixed to mildly up this morning. I would call this a possible range at this point, but prices could also be attempting a measured leg up, and if so, that target is up at 7437.00. For now, respect the overnight highs and treat this a possible range day, but if prices start […]

Prices continue to correct this morning. This correction was overdue, so finally seeing it happen should not be a surprise. Timing it and waiting on it is the hard part. For now, the trend and bias are down. I see a break of the current down trend channel, but there is no measured move yet,

Prices traded down early in the overnight session but found support right off of the green colored channel’s trend line and then turned higher. Since putting in a new high for the morning, prices have been mostly sideways since that point in time. This has been a really strange market as of late, so do

Prices sold off strongly during the overnight session, finally giving us a correction of more magnitude, something that was needed actually. However, since finding a bottom during the early morning hours of the overnight session, prices have been mostly mixed and sideways. If this day turns out like most days lately, prices will rebound before

Prices are rallying again this morning. What started out as a choppy but mild uptrend has turned up again, pushing to new highs over last 30 minutes of trading. The market is once again making new all-time highs, and it remains overbought while doing so. We have talked about the wedge that has formed between

Prices opened lower this morning after trending down during the overnight session, but it appears prices have found at least a temporary bottom. I see a spike and channel up at the moment and that trend is still intact for now. I would expect mixed trading at times today but stay with this uptrend until

Prices have turned lower this morning and are currently trending lower, even though prices are still mixed at times. A measured move down gives us a target near 7375.00, so watch that price area closely in case prices find a bottom there. For now, the trend and bias are down, so stay with it until

Prices are rallying to new highs once again this morning. This market just wants to go higher, so do not argue with it. Because prices are very overbought, we could see a correction at some point but trying to time that correction is next to impossible. Therefore, stay with the trend and do not argue

The market is rallying again today. There was good news with the unemployment numbers that came out this morning, and that has helped give the rally some credibility maybe. At any rate, the market is making new all-time highs again this morning and the trend and bias are both up, so stay with that until

While prices ran to another new high during the overnight session, they did turn down and trade lower off of those highs and are now mostly mixed and sideways. This has the look and feel of a range day, and the gap that was left on the move up during the overnight session has already