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Rally Losing Steam

Rally Losing Steam

3 years ago 2 min read
The Market session began with a gap, the attempt to rally just lasted a few minutes, after that, it lost all its power. The S&P still managed to stay above the
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By: Local Optima
Powell's Remarks Save the Day

Powell's Remarks Save the Day

3 years ago 2 min read
Today Jerome Powell's remarks during the meeting with the Senate Banking Committee stopped the Market fall that started a few days back. The idea is that the Fed will do whatever
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By: Local Optima
Nice Recovery Dip Buyers

Nice Recovery Dip Buyers

3 years ago 1 min read
The day began with a violent gap, which was a continuation of the sell-off that started on Jan/04 (illustrated in the 39-min chart below). After the sell-off lost its force the main
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By: Local Optima
Lack of Confirming Indicators

Lack of Confirming Indicators

3 years ago 5 min read
The purpose of using indicators when trading the Markets is to have a reasonably good perspective of the probability that an instrument moves in the direction that you expect. The S&P
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By: Local Optima
Selling Pressure around Support

Selling Pressure around Support

3 years ago 2 min read
The S&P 500 opened the session with a failed attempt to rally, during the session it kept trying to break the 4,705 level. Towards the end of the session, it
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By: Local Optima
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