Market opened at the Pivot Point and printed a symmetrical day with a rally to 860, a bounce in 850, a retest of the 860 and a final sell-off to close at the opening level. Volume was high.
Lots of earnings today but mainly Morgan Stanley (MS) posted its second straight quarterly loss and slashed its [...]

Market gaped up again and rallied to new highs at 845.00. During lunch time 12:30am-02:00pm price reversed to lower levels but always remaining well above 825.00. The move followed with a quick rally to try to test the HOD. This move failed short of the target prompting in the last hour of trading a profit [...]

The day started gaping up and rallying to the resistance at the 30 day simple moving average (SMA). The resistance was tested twice and the retracement sell off ensued. The day ended in red but almost flat. Volume was high and broke trend. It looks like a normal retracement movement after a large rally. Fibonacci [...]

The day started positive but choppy with bulls and bears fighting to get control of the ticker. 750.00 on the S&P was recognized as a key support/resistance level early on. The bears were able to drive price below it initially but bulls took charge after 12.00am and progressively drove the market upwards, ending the day [...]

No clear direction all day. The market gaped up but quickly closed the gap. Then a sudden rally to the HOD followed by a clearly defined downtrend channel with a fake brake upwards around 1:30pm and an actual break upward at 2.45pm. Then a rally almost to the HOD with substantial profit taking at the [...]