Recent Articles by Princely Mathew

Window For Bears Rapidly Closing

On price, I see a lot of resistance in the 4180-4200 area in the Emini S&P 500, but looking at options data, the window for bears is rapidly closing.
by Princely Mathew - 1 week ago

Uncharted Territory In The Market

Our indicators continue to support partial long positions so we hold until that changes, but we are now in uncharted territory in the market.
by Princely Mathew - 3 weeks ago

Holding The Short Side

Even with the hard rebound in price, our indicators are holding the short side, so we continue to hold the short trade, but we will be on the lookout for an exit in the coming week.
by Princely Mathew - 1 month ago

Eyeing Consolidation Ahead of Rally to 4000+

After testing very close to its all time highs late last week, the Emini S&P 500 (ES) is likely to consolidate for some more time, after which we can see a move toward the 4000+ area.
by Princely Mathew - 1 month ago

Strong Resistance Ahead - Market Analysis for Mar 7th, 2021

The 3890/3915 area on the Emini S&P 500 (ES) is filled with strong resistance, and my view is that we do not make it through this area right away.
by Princely Mathew - 2 months ago

Awaiting Next Entry Signal

We are flat the market now after exiting shorts last week -- and now, we are waiting for a fresh signal to trigger preferably a buy signal at lower levels.
by Princely Mathew - 2 months ago

Market Facing Resistance - Market Analysis for Feb 14th, 2021

My outlook is that the S&P 500 is likely to face resistance in the 3950-80 area and finally begin a pullback to reset into the 3800/3750 area in coming weeks.
by Princely Mathew - 2 months ago

Will Price Reset Lower & Then Rally Into OPEX Week?

Internal indicators are on the buy side, our Odds Indicator on the sell side -- which way will this resolve?
by Princely Mathew - 3 months ago

Internals Still Bearish, But Short-Term Buy Signal Setting Up

Once the next bounce runs its course, the big sell is likely to reassert itself which will most likely take the S&P 500 to new lows near the 3500 area.
by Princely Mathew - 3 months ago

Eyeing New Long Entry

There are a lot of moving parts here for a new buy signal.
by Princely Mathew - 3 months ago

Cautiously Bullish - Market Analysis for Jan 3rd, 2021

Internals continue to be on the weaker side, so my read is to stay cautiously bullish but do not over extend on the long side.
by Princely Mathew - 4 months ago

Market Analysis for Dec 24th, 2020

Looking back….. This year has been a tremendous year of growth for me, my trading… and this room. Looking back at the start of the year, I do not think I could have even imagined how far we would come this year. The amount of refinement the system and our trading tools have undergone has been staggering and the growth in the room has been even more amazing. I would like to thank Jimmy and xhoosier for all the work that they do in the room. Without their contributions, this room would definitely not be what it is today. I also thank all the old timers for answering questions and contributing in whatever way they can.
by Princely Mathew - 4 months ago

Indicators Still Signaling Long

My view has not changed from that of last week -- still looking for a move higher into the 3775/3800 area in the Emini S&P 500 (ES).
by Princely Mathew - 4 months ago

This is not a game for those who are used to getting straight "A"s

At the outset, I would like to make it clear that I have nothing but respect for those with straight "A"s and I am in no way belittling their contribution to mankind. While their contribution in science, technology, literature etc has been tremendous, their IQ is of very little value when it comes to trading. In fact, it's a handicap. As a disclosure, I am one of those guys with straight "A"s but went through a long process of transformation before i became a successful trader.I don't think there is any profession which is as counter-intuitive as trading. This is not a game for the perfectionists.
by Princely Mathew - 4 months ago

Market Indicators Mixed - Market Analysis for Dec 13th, 2020

My view is that we may have seen a bottom late last week and we have one more leg higher into the 3750+ area, though I do not see us as having enough energy to go to 4000+ immediately before a complete reset in the markets.
by Princely Mathew - 4 months ago

Continuing To Grind Higher

Our Odds indicator continues in cash, awaiting a sell alert to trigger.
by Princely Mathew - 5 months ago

Awaiting Consolidation Ahead of Next Rally

The more likely outlook I see is for some consolidation/shallow pullback to play out over the next few weeks, which then sets up a move higher into year end and the beginning of next year.
by Princely Mathew - 5 months ago

Targeting 3600/3620 Area Next

I think we can target the 3600/3620 area next in the Emini S&P 500 (ES), but we are also very likely to face strong resistance in that area.
by Princely Mathew - 5 months ago

Awaiting Short-Term Low Within Days

My read on the market is that we are nearing some kind of low within the next few days, with somewhere in the 3150/3050 area on the Emini S&P 500 (ES) forming at least a short-term low for this downtrend.
by Princely Mathew - 6 months ago

Market In Grey Area After Hitting Our Projected Zone

The Emini S&P 500 (ES) hit our projected 3520/50 zone very early in the week and was mostly sideways since then.
by Princely Mathew - 6 months ago

Still Expecting New Lows After This Bounce

There is no change in my view from last week that we are in the midst of a bounce toward the 3450/3500 area on the Emini S&P 500 (ES) and from there we could possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
by Princely Mathew - 7 months ago

Eyeing New Lows After One More Bounce

My current view is that we continue the bounce started on Friday toward the 3450 area on the Emini S&P 500 (ES) and from there possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
by Princely Mathew - 7 months ago

Bigger Bounce Before Next Leg Lower

I think we may be close to some kind of bigger bounce in the market maybe up to the 3480 area on the Emini S&P 500 before we turn back lower again.
by Princely Mathew - 7 months ago

Was Wednesday A High?

On the downside, I am looking at 3300 and then 3275/50 as possible target areas on the Emini S&P 500 (ES).
by Princely Mathew - 8 months ago

Eyeing Mean Reversion Lower

My read on the market is that we are advancing on price with mediocre internals and this kind of move generally results in a mean reversion back lower.
by Princely Mathew - 8 months ago