(See Above) Monday the market opened on the heels of 3 consecutive long range daily bars from last week, 2 of them strong up days. On top of that, there was a slight gap up at the open. But despite the market being super overbought – it was not ready to drop today. This set the stage for a Doji bar to form on the daily chart with little movement either way. The buyers tried to move the market to the upside relatively quickly but only managed to run the ball about 3 points above the high of our morning quicksand zone at 2129.75 Later the buyers began a 2nd attempt to run the market higher and this time made a 7 point advance above the top of the quicksand zone in a slow methodical grind, finally getting turned back at the 2136.75 level. You can see how the System was able to catch better traction on the last 3 trades which occurred during that 2nd accumulation run by the longs which gained more ground. Three of the five trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration).
(See Above) Tuesday was a very similar day to Monday. Slight gap up at the open, then the buyers pushed the market still higher in two shallow waves up finishing the day with a slight up close. The system took advantage of the upward accumulation and got us into to 2 decent traction Long Trades. Both trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration), and went on to deliver multi-point runs.
(See Above) Wednesday the market on the high note (another gap!) but quickly began to sell down. The Power Momentum System issued a SHORT Alert right out of the gate just 7 minutes after the open on a breakdown of our Morning Quicksand low which ran at 2147.25. The sellers hit and ran price down hard for a quick move down to the 53.50 level. Our +0.75 and +1.25 scalp targets were taken out with ease and the runner was taken out by a trailing stop at +1.50 when the market moved back against us. The 2nd trade got hit by a sudden news price spike and took us out for a full stop and the 3rd trade crashed out after a failure alert at a tightened stop. The 4th trade the System caught the main down move of the day for a full 6 points of traction on a SHORT from 2064. Today was a few duds mixed in with two nice runners.
(See Above) Thursday we had yet another gap up at the open and then the market basically spent the remainder of the session in light drift to the downside. The System managed to catch a few SHORTS during the periods where we had some nice downward motion but it was slow going and you can see that the traction ended up being light only 2-3 points, but three of the four trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration).
No trades signaled Friday
(See Above) We experienced a lighter traction week as the market fights to push up into new all-time highs. (If you had done nothing more than play every trade signal with our 2-contract Scalp Configuration you captured somewhere between 15-20 net points for the week.) On Average, the system signals exposed us to a 2.6 times greater, positive to negative tick traction ratio for the week. Your job as an individual trader is to develop and hone your Trade Management skills to the point where you can capture as much of that positive point traction as possible