Directional Bias For The Day: The futures are drifting higher or flat Futures breaking above a symmetrical triangle on 6-minute chart; resistance at 2251.50 Odds are for an up to sideways day Watch out for price to fall within the broken triangle Markets Around The World Markets in the East were mostly up – only Hong Kong and Seoul were down European markets…
“Santa Claus Rally lasts the final five trading days of the year and first two of next year. During this period, S&P 500 has been up 73% times since 1970 with an average gain of +0.8%.” “In November market’s price action turbo-charged it and gave clarity to many of the patterns that have been evolving for many months. The…
Directional Bias For The Day: The futures are drifting higher after awild swing following ECB President Mario Draghi’s press-conference Finding resistance at 2241.25, the high of December 7 Odds are for an up to sideways day Watch out for break of key levels for the futures – a rectangle trading range is forming Markets Around The World Markets in the East were…
Directional Bias For The Day: The futures are drifting lower since 3:00 AM Finding resistance at 2213.00 European stocks are higher after a gap-up open but are drifting down from high level Odds are for an up to sideways day Watch out for break of key levels for the futures Markets Around The World Markets in the East were mostly up –…
Directional Bias For The Day: The futures are drifting higher Near the upper limit of an ascending triangle on 30-min chart European stocks are higher and trending up since early session Odds are for an up to sideways day Watch out for break of key levels for the futures Markets Around The World Markets in the East were mostly up – only Shanghai Composite…
Directional Bias For The Day: The futures are higher but trending down 4:00 AM Above an uptrend line on 30-min chart European stocks are higher but trending down since early session Odds are for an up to sideways day Watch out for break of key levels for the futures – 2202.50 for an upside move and 2197.25 for a downside move Markets Around…
Directional Bias For The Day: The futures are lower but rising since 4:00 AM Below a downtrend line on 30-min chart European stocks are drifting higher after opening with a gap down Break of near term resistance level is critical for an upside move day Odds are for a down to sideways day Markets Around The World Markets in…
Directional Bias For The Day: The futures are drifting higher since 7:30 AM Declined consistently from 1:30 PM on Wednesday till 1:30 AM and then it drifted sideways till 7:30 AM Odds are for a down to sideways Markets Around The World Markets in the East were mostly up – only Indian SENSEX was down European markets are mixed – DAX, CAC-40,…
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