In my last post, I noted the robust character of the current US Stock Market as represented by the S&P e-mini futures (ES).  The market had been closing off its highs, suggesting some supply (but, nonetheless, putting in higher highs and higher lows).  I said that a close below 1495 and a drive down below support at 1490 early in the week would ignite a reaction.  Well, the … [Read more...]

The US Stock market as represented by the March 2013 S&P e-mini futures reached a new high of 1499.25 on Friday.  The cash market (S&P 500 Index - SPX) closed up above 1500 at 1502.96.  The event was widely reported in the media.  The New York Times reported on the new high and also that investors are now returning to the market (NY Times article). The S&Ps (ES) … [Read more...]

All Video Tutorials 20% Off! Offer Expires Midnight EST Today Helen has also set up all our video tutorials for a 20% discount.  Just be sure to include the code: NewStart20 at checkout.  The 20% Discount applies to these tutorials: Chart Reading Mastery Wyckoff in the Modern Markets 1 & 2 Trade the Trend Wyckoff Asian/Australian Road Show Wyckoff Spring Wyckoff … [Read more...]

I said in Sunday Night's post (see that post here) that I anticipated the US Stock Market, as represented by the S&P e-mini futures (ES) would pull back a little.  I had mentioned to look for a pullback into the 1460 area for Monday.  Well, we didn't quite get the full pullback on Monday, but did today.  The market came down just under 1460 to a low of 1456.50 and then … [Read more...]

This week, the US Stock market as represented by the S&P futures (ESH13) continued its rally off the late December lows.  The dip down to support at 1446 on Tuesday which immediately rebounded back up indicated that absorption was taking place.  Volume was light on the lows, expanding on the rally intraday.  After Tuesday’s low, the market made higher highs and higher lows … [Read more...]