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Prices are rallying again this morning. This market just wants to go higher. Even with all of the negativity of the Iran crisis, this thing just keeps going up. It’s possible prices will attempt a measured move, although the current trend channel working higher does not look like it would allow that type of move […]

Prices are rallying to new highs again this morning. While I do see a break and a move to a new high on a retest, that does not mean prices will not or cannot reestablish another trend and continue higher. Note that the rally has left an overhead gap on the chart, so if prices

Prices traded lower during the overnight session but are trending higher as I am posting this report. This could end up as a range day with mixed trading, but for now, the trend and bias are both up, so stay with that until the chart shows us otherwise. There is no gap on today’s chart,

The rally from yesterday continued into the overnight session and into the regular session opening this morning. Every new high today will be another new all-time high for the ES, so keep that in mind. At these prices, we have no former resistance levels or known targets, so it is new territory for us and

After trending up during the overnight session, prices turned lower again just prior to the 8:30 AM CST regular session opening. The overnight move up left a gap on the chart, and should prices attempt to fill that gap, that target is down at 7141.50. Prices have been in a tight range for the last

Today is an FOMC rate decision day, so you should not take any new trades after 12 Noon, CST. If you are already in a trade, be sure you exit before the news announcement at 1 PM CST. You never want to be in the market during a rate announcement, as you can get caught

Prices traded down during the overnight session, leaving a large overhead gap on this morning’s chart. Prices have tried to rally but are not having much success thus far. Things are mostly mixed and sideways as I am typing this up. I would expect prices to try and fill that gap if they can, but

Today looks like more of the same with mixed trading and range like price action. As I have been saying almost every day, prices could trend at any time, so stay flexible, but for now, things appear to be in a consolidation phase after the recent rally back to new highs. The market is still

Prices rallied during the overnight session leaving an overhead gap at the regular session opening at 8:30 AM CST. Prices appear to be working lower in an attempt to fill that gap. The target for that would be down at 7132.50. Expect mixed trading today no matter how this day plays out, but this appears

Prices are trending higher again this morning, but there is some strong resistance just below the target I placed for a measured move up. This market seems to want to go higher, even in the face of all that is going on with the middle east and with the high oil prices, so do not