by BonTrade | Oct 24, 2016 | Weekly Approach
After hitting its recent low of 2107.75, the ES has stayed in a narrow range between just under 2120 and the 2150 level. It appears going into this week, with the merger announcements and the PA, that the 2150-2160 level may be achieved this week. But the overall...
by BonTrade | Oct 17, 2016 | Weekly Approach
On Tuesday, the narrow range around 2150 expanded somewhat and the daily range was quite wide between 2160.75 and 2121.75. On the 13th, it appeared that a temporary bottom at 2107.75 had been established and when it traded to 2143.25 the next day it appeared the bull...
by BonTrade | Oct 3, 2016 | Weekly Approach
For the past week, the range was somewhat narrow between 2132-2168. Breakouts were attempted at the 2170 level but failed. We’re still narrowly favoring a continuation of the bull run to the 2180 level and then possibly 2200. But the PA suggests it is very...
by BonTrade | Sep 26, 2016 | Weekly Approach
Last week was was relatively calm in a narrow range before the Fed announcement on Wednesday. The rally was fast after the Fed through the 2150 level, catching traders off guard as they entered the market on the buy side Thursday AM. It is now apparent that a trap was...
by BonTrade | Sep 20, 2016 | Weekly Approach
Due to the Fed meeting on Wednesday, the weekly approach is published today. After the PA on Monday the 12th last week, it was followed on Tuesday the 13th with heavy volume and higher volatility. Attempts were made to give the appearance that the penetration of the...
by BonTrade | Sep 12, 2016 | Weekly Approach
It is interesting to note, that on Friday, the 30 Dow stocks declined a total of 57.60 to contribute to the decline in the Dow average of 394.46. A 2.13% decline. The same relative percentages apply to the S and P 500 average also. The decline went on all day, with no...
