Page 7 - Cycle Spreadsheet News Today

Market Review Topic: Taylor 3 Day Cycle Author: David D Dube (a.k.a. PTGDavid) Website: Polaris Trading Group Tuesday’s Session was Cycle Day 1 (C

Market Review Topic: Taylor 3 Day Cycle Author: David D Dube (a.k.a. PTGDavid) Website: Polaris Trading Group Tuesday’s Session was Cycle Day 2 (C

Market Review Taylor 3-Day Cycle        Author: David D Dube (a.k.a. PTGDavid       &n

Market Review Taylor 3 Day Cycle Author: David D Dube (a.k.a. PTGDavid) Polaris Trading Group Tuesday’s Session was Cycle Day 3 (CD3):  Havin

Website: Tuesday’s Session was Cycle Day 1 (CD1):  This day unfolded as a “normal” Cycle Day 1 as the anticipated decline did unfold, fulfilling the Average Decline Objective of 4122. Program Selling persisted all session and was capped-off with a Market on Close (MOC) Sell Imbalance of $1.3 Billion. Range was 68 handles on 1.249M contracts exchanged.  …Transition from Cycle Day 1 to Cycle Day 2 This leads us into Cycle Day 2 (CD2): Normal price action for this cycle day following a...

Dow Jones Industrial; Worst Down Day Since February The ES initially rallied on Monday night’s Globex session but opened 31 points lower on yesterday’s 9:30 ET futures open. After the open, the ES rallied up to 4156.25 at 10:03 and then dropped down to 4103.75, a 52.50 point drop in 45 minutes. After the low, the ES ‘ground higher’ — trading 4148.00 at 12:18.  The ES sold off down to a higher low of 4123.75 at 12:57. After a few 10 and 15 point drops and pops, the ES pulled back agai...

Tuesday’s Session was Cycle Day 3 (CD3): This day was referenced as a “wild-card” as cycle objectives had been fulfilled, opening the scenario for a decline unfolding, and it did in fine fashion. Range was 65 handles on 1.963M contracts exchanged.  … This leads us into Cycle Day 1 (CD1): Average CD1 Decline (4136) was fulfilled during the prior session’s decline, leaving today’s question as to retest of HVE (4120) or continuation of the late-day rally to 4157 CD1 Range Objective....

Tuesday’s Session was Cycle Day 2 (CD2): Price violated CD1 Low (4141.75) with a continuation trend lower during RTH fulfilling 4115, “down-range” objective. Range was 56.75 handles on 1.661M contracts exchanged.  … This leads us into Cycle Day 3 (CD3): Price is currently well below CD1 Low (4141.75) and typically has strong odds of recovering this level during Cycle Day 3 trading. Failure to recover would be marked as a “Statistical Cycle Failure” which only occurs 9% of the time...

Tuesday’s Session was Cycle Day 3 (CD3): Price consolidated throughout the session before pushing higher to All-Time Contract High. Price settled above its Value Area High (4132.25). Range was 38.50 handles on 1.04M contracts exchanged.  … This leads us into Cycle Day 1 (CD1): Normal for CD1 is an expectation of a decline measuring an average of 4088. Volatility Index (VIX) has registered a reading with a 16 handle, as bulls are solidly in control, so any decline may be relatively shallo...

Tuesday’s Session was Cycle Day 1 (CD1): Price only produced a shallow decline (4052.25) during the overnight session, while RTH experienced a bit more confusion on direction after hitting early session highs. Range was 23.75 handles on 1.233M contracts exchanged.  … This leads us into Cycle Day 2 (CD2): Expectation for this cycle day is more consolidation, perhaps with a wider range should volatility increase. Volatility Index (VIX) has been hovering with an 18 handle, which makes for i...