Although on Monday’s session the ES E-MINI S&P 500 fully complied to the forecasted slightly negative bias on the close and the supposed tight range (see my posting Trading the Odds on Tuesday – September 29, 2009), unfortunately it didn't l
Tuesday's session raises the question if a pullback or a follow-through (of the previous session's strength) immediately following a strong up-day (like on Monday, September 28) would be a positive or negative indication for the then following sessi
On Monday’s session the ES E-MINI S&P 500 fully complied to the positive outlook based on those setups which were triggered on Friday’s close (three consecutive lower closes, a lower low/high/close on two consecutive sessions, among others).
Since 01/01/1990 there were only 6 occurrences (now seven out of 156 FOMC announcement sessions) where the ES E-MINI S&P 500 closed lower on an FOMC announcement session and posted a loss on the then following two sessions as well. On Friday th
It seems that - at least temporarily - the tide has turned: Although historical probabilties and odds were (heavily) lopsided on the upside on Wednesday's FOMC announcement session and additionally on the then following session (today) when the ES E
On Wednesday's FOMC announcement session the ES E-MINI S&P 500 defied all probabilities and odds (which were heavily lopsided on the upside) and closed lower on the day (mainly due to a sell-off during the final hour of the session after the S&a
On Tuesday's session the ES E-MINI S&P 500 fully complied to the positive outlook based on those setups which were triggered on Monday's close (three consecutive lower closes, pre-FOMC announcement day, among others, see my posting Trading the O