Author: Polly Dampier, Naturus.com

ES continues moving up, based in part on support from the Fed. The C top target remains intact as long as 1130-26.50 range holds up.   Yesterday the surprise rate cut from the Bank of Japan and better-than-expected...

The S&P 500 cash index (SPX) closed at 1146.24 on Friday, for a net loss 2.43 points from the previous weekly close. However SPX closed up strongly for September, rallying 8.8% for the month. Is the September rally now over?...

ES still has trouble near the January high area. “Good” economic reports drove the price up to 1153.50 in the early morning session, but the ES made a quick U-turn into negative territory by the middle of the day....

ES held above its first major support line (9-day ema) again yesterday. But the 1144.50-45 area seems a formidable resistance area for ES. Every time price moved near that area, the sellers stepped in and pushed the price back...

On Tuesday ES bounced from its first major support line (9-day ema) and held up for closing. Even though the upside momentum was not as strong as before, at least it regained most of the loss from Monday’s...

ES moved up in overnight trading and opened near the recent high, then bumped along in a trading range before briefly making a new day-session high for this rally before quickly falling back to close near the low of the day. The...

The S&P 500 cash index (SPX) closed at 1148.67 on Friday, for a net gain about 2% from the previous weekly close. SPX broke its multiple monthly top (June and Aug) and held up well last week tp close at the higher level....

ES pulled back to retest its broken resistance level at the top of the consolidation range, which currently acts as a support level. Yesterday was a modest down day in comparison with Tuesday, when the market internals were more...

ES gapped up strongly at open, and held the gain to break the top resistance line of the consolidation range and close higher. The price behavior was positive and bullish, but the volume was lighter than previous days. The...

The S&P 500 cash index (SPX) closed at 1125.59 on Friday, for a net weekly gain 16.04 points or about 1.4%. The market spent most of the week in a narrow range near the top of a broad monthly consolidation range...