Harry Boxer has more than 30 years of Wall Street investment and technical analysis experience, and he spent eight years on Wall Street as chief technical analyst with three brokerage firms. Mr. Boxer is a technical consultant to many Wall Street hedge funds and large institutional traders. Mr. Boxer is currently author of "The Technical Trader" and "The Technical Trading Diary" on the financial website The Technical Trader. He is a regular columnist on ADVFN, Stockhouse, and DecisionPoint, among many sites, and a regular guest on WinningOnWallStreet, Marketviews.tv, KFWB-Radio Los Angeles, and more. Mr. Boxer is a frequent guest columnist at CBS MarketWatch, and has been featured on CNBC, Futures Magazine and Technical Analysis of Stock & Commodities magazine. Mr. Boxer won both the 1995 and 1996 worldwide Internet stock market trading contests, "The Technical Analysis Challenge."
The indices had a profit-taking Monday today. The futures were lower before the opening. The indices gapped lower, went lower for most of the morning, hit the session lows just before the lunch hour, rallied through lunch hour and then consolidated quietly in the afternoon before attempting a late rally.
The markets did have another up-day, but they gave back a chunk of their early morning gains after lunch and then snapped back at the end of the day to recover into positive territory.
The markets had an important test early on when they dropped right from the get-go and tested the week’s lows on the Nasdaq 100. They took them out on the S&P 500, but didn’t get that confirmation from the NDX. The result was a five-wave move back up which took all session, and the indices closed not far off the highs for the day.
The markets had two very distinct parts of the session, a large opening up gap and a strong morning rally after an orderly pullback, and then a complete reversal giving all of it back and then some in the afternoon.
Copyright 2025 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
full story
printer version