Recent Articles by Princely Mathew

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 - 23 hours 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 - 2 weeks 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 - 4 weeks 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 - 1 month 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 - 1 month 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 - 2 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 - 2 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 - 3 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 - 3 months ago

Preparing For A Pivot Lower At Resistance

Our composite signal is still on a buy, but it looks to me like odds will stop supporting the long trade very soon and may shift to the short side.
by Princely Mathew - 4 months ago

Benefit Of Doubt To Bulls

Internals are on the bullish side, options are more or less neutral, and price action is rangebound in the very short term, but looks bullish on the medium term, consolidating before a possible breakout.
by Princely Mathew - 4 months ago

Limited Upside Ahead - Market Analysis for Jul 5th, 2020

I think we get to somewhere in the 3200 area in the Emini S&P 500 (ES) before beginning another leg lower toward the 2800 area.
by Princely Mathew - 4 months ago

Benefit of Doubt to the Bears

Our Smart Money Composite Signal is pointing down.
by Princely Mathew - 5 months ago

Expected Pullback Begins - Market Analysis for Jun 14th, 2020

We got an exit signal on our long trade very early in the week allowing us to exit very close to the actual price top. We also got a short signal on Thursday.
by Princely Mathew - 5 months ago

Closing In On Our ES Target

I still have a target of 3140 on the Emini S&P 500 (ES) from the triangle breakout we were tracking a few weeks back, and we are getting close.
by Princely Mathew - 5 months ago

Slight Edge To The Bulls

Price action supports more bullish outcomes playing out at least until the 3050 area on the Emini S&P 500 (ES), which would be confirmed with a breakout over 2976.
by Princely Mathew - 6 months ago

Locking In Gains Ahead Of Next Set-Up

Price overshot my 2930 target level on the S&P 500 by a bit before the expected selloff began.
by Princely Mathew - 6 months ago

Most Indicators Signaling Long

Last week the market pulled back from the 2850/2900 zone on the Emini S&P 500 (ES), as we had anticipated, and tested just above the 2700 support area before moving back higher to end the week near 2830.
by Princely Mathew - 7 months ago

Projected Topping Zone Reached

Right now the path of least resistance is still UP, but the 2900 region on the S&P 500 is still very strong resistance and it makes sense for a pullback or more to develop from there.
by Princely Mathew - 7 months ago

Eyeing 2700 Ahead Of Another Big Leg Down

Looking at last week’s action, we seem to be backtesting support in the 2400 area setting up another leg up into the 2700 range in the S&P 500.
by Princely Mathew - 7 months ago

Bullish Short-Term Indicators, but No V-Shaped Recovery In Sight

Right now we have couple of our shorter-term indicators on the bullish side and more can join if price remains stable. It is, however, very unlikely that the technical damage we saw in the weeks prior resolves itself in a V shaped recovery.
by Princely Mathew - 8 months ago

All Models Bearish - Market Analysis for Mar 8th, 2020

My thought is that correction is closer to the end in terms of time (2-4 weeks), but it is not close to the end in terms of price.
by Princely Mathew - 8 months ago

Profit-Taking As Micro Signals Move to Sell

Our micro1 signal went to sell early in the week and we booked our QLD longs for 6.6% profit.
by Princely Mathew - 9 months ago

Bullish Ahead of WWW: Wed of Week Before Options Exp Week

Most of our models are on buys now, even with the weakness we saw on Friday.
by Princely Mathew - 9 months ago

Awaiting Rebound Rally - Market Analysis for Feb 2nd, 2020

We should have some more bearish action ahead of us this coming week, but I think we should begin looking for bottoming signs very soon, at least for a rebound rally.
by Princely Mathew - 9 months ago