Morning Notes – Tuesday March 6, 2018

Directional Bias For The Day: S&P Futures are higher; mostly moving sideways since 3:00 PM on Monday Forming a down-sloping flag on 6-minute chart; trying to break to the upside Odds are for an up to sideways move day with great volatility – watch for break above 2685.75 and break below 2672.50 for change of fortunes No Key economic data due Markets…

Morning Notes – Monday March 5, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 5:45 AM Broke below an head-&-shoulder pattern on 6-minute chart at 8:45 AM Competing patterns and forces in play – bullish inverse head-&-should pattern on 30-minute and 2-hour charts; bearish head-&-shoulder pattern on 6-minute chart; bearish candle formation on daily; strong finish on Friday, a bullish…

Morning Notes – Friday March 2, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 3:30 AM Broke below a symmetrical triangle, bearish sign, on 30-minute chart at 4:00 AM Odds are for a down day with greater volatility – watch for break above 2668.00 for a change of fortunes Key economic data: Revised UoM Consumer Sentiment ( est. 99.4) at 10:00 AM Markets Around The…

Morning Notes – Thursday March 1, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 6:30 AM; within a horizontal channel between 2722.50 and 2698.75, since 4:00 PM on Wednesday Competing forces in play – bearish pressure on daily and 2-hour charts; bounce from oversold on 30-minute and 6-minute charts Odds are for a down day I greater volatility – watch for break above…