Recent Articles by Princely Mathew

Another Pullback in the Bigger Uptrend

After hitting the 5250 area in Thursday on the Emini S&P 500, we seem to be having some significant supply come into the market and we are now trying to find support at lower levels.
by Princely Mathew - 1 week ago

Looking For A Reset Ahead Of Next Move Higher

In my view, the odds are that most of the easy move higher is done and the next bigger move is down, at least for a few weeks.
by Princely Mathew - 1 month ago

Can Internals Pick Up To Confirm Advance In Price?

In the coming week, I would like to see internals pick up to confirm the advance in price. Otherwise, it could be that we are working on some kind of top, and a bigger pullback is to follow soon.
by Princely Mathew - 4 months ago

Testing Support Zone - Market Analysis for Oct 15th, 2023

After hitting a high of 4430, market sold off and is now testing the 4350 support zone on the Emini S&P 500.
by Princely Mathew - 5 months ago

Looking For a Long Signal This Week

I am going to be looking for a long signal in the coming week for a bounce higher, but will stay short as long as our Odds Indicator stays short.
by Princely Mathew - 6 months ago

Strong Week for the Bulls

We can have a bit more consolidation, but the path of least resistance does look higher.
by Princely Mathew - 6 months ago

Eyeing A Bounce As Internals At Extremes

Some internal charts are at extremes suggesting a rebound rally.
by Princely Mathew - 7 months ago

Looking For A Low

Right now, internals are mostly on the sell side at least for the very short term, but longer term ones are still on buys.
by Princely Mathew - 7 months ago

Looking Towards One More High

I think we can attempt one more high toward the 4650 area before a more meaningful correction sets in.
by Princely Mathew - 7 months ago

Price Action Looks Bullish

Price action looks very bullish -- a strong grind higher with minor pauses to refresh.
by Princely Mathew - 8 months ago

A Real Breakout or A Bull Trap?

With the very narrow breadth we are seeing on this advance, I have a lot of difficultly seeing this bullish action as sustainable.
by Princely Mathew - 9 months ago

Weak Market Internals As Chop Continues

On the whole, this market really looks like it needs a reset lower before it can continue back higher. But this may happen only after another attempt at the 4200+ area.
by Princely Mathew - 10 months ago

Again At Upper End Of Range

After testing lower support last week, the market rallied to end in the 4190/4200 area on the Emini S&P 500 (ES).
by Princely Mathew - 10 months ago

Introducing Smart Money Scalp Magnets

Introducing Smart Money Scalp Magnets…Swing trading using my main indicator Odds had an exceptional year in the 2020 to late 2021 period. After that as we entered 2022, Odds and most other Swing methods began to badly underperform compared to historical data. Around that time, I began looking at different methods, timeframes and trading systems to figure out what would work best in the environment we were seeing… I worked through a lot of things before finally arriving at the scalp magnet system.. I began posting these in the Smart Money room early this year.. began actively trading them myself since March 17th.. and most of the members have also joined in over the days since..What is the scalp magnet system..
by Princely Mathew - 11 months ago

Will We Break Out Of The Range?

Most internals are on buys right now. However, there are some clear weakening signs on the very short-term.
by Princely Mathew - 11 months ago

Awaiting Next Up-Leg In Rangebound Market

The market was rangebound last week with price testing the 4100 support area on the Emini S&P 500 (ES) before rebounding to end the week unchanged.
by Princely Mathew - 11 months ago

Whipsaw Mode - Market Analysis for Mar 26th, 2023

We seem to have set some kind of low last week. How long it will last is anyone’s guess, but I think we may continue in a choppy uptrend for a little while.
by Princely Mathew - 1 year ago

Nearing Some Extremes That Can Mark A Bottom

In what looked like a good start off the low from the earlier week, the market found resistance near 4080 on the Emini S&P 500 (ES) at the start of the week and sold off to end the week below 3900.
by Princely Mathew - 1 year ago

Bulls Back In Control

There was a window for the bears to take price lower last week but they could not capitalize on it.
by Princely Mathew - 1 year ago

Buying Pullbacks - Market Analysis for Jan 22nd, 2023

We got the expected pullback which tested the 3900 support area in the Emini S&P 500 (ES) before a strong rebound to end the week above 3980.
by Princely Mathew - 1 year ago

A Lot Of Mixed Signals

Staying in cash is the play until we have a clear cut trade signal.
by Princely Mathew - 1 year ago

Market At An Inflection Point

We are consolidating below a long-term trend line that has held back any advance attempt since THE top. Getting above that line and closing above will be a big statement from the bulls IF it can happen.
by Princely Mathew - 1 year ago

Choppy, Corrective Move Higher

I continue to think we are in some kind of choppy, corrective move higher toward 4000+.
by Princely Mathew - 1 year ago

Close In Time (Though Maybe Not In Price) To A Low

While we are clearly in a downtrend, I also think we are very close in time to a low, possibility a big one similar to March 2020 -- close in time but maybe not close in price.
by Princely Mathew - 1 year ago

Close To Some Kind Of Low

Price is always king in these kind of situations, and we need to see some actual buying support come into the market before we can enter into long positions.
by Princely Mathew - 1 year ago

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