Morning Notes – Friday April 27, 2018

Directional Bias For The Day: S&P Futures are lower but higher from NYSE close; moving sideways since 9:30 PM Breaking above a horizontal channel on 6-minute chart; the 61.8% extension target is near 2675.00 and 100% extension target is near 2678.25 Odds are for an up to sideways move – watch for break above 2677.50 and below…

Morning Notes – Thursday April 26, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 9:45 AM on April 25; new leg up since 3:00 AM Forming a rounding bottom pattern on 30-min timeframe Odds are for a bounce from recent lows with increased volatility – watch for break above 2655.00 and below 2647.00 for more clarity Key economic data due ECB…

Morning Notes – Wednesday April 25, 2018

Directional Bias For The Day: S&P Futures are lower; moving within a symmetrical triangle on 30-minute timeframe; Down bias on daily and lower degree timeframes Odds are for a bounce with increased volatility – watch for break above 2637.00 and below 2618.00 for more clarity No key economic data due Markets Around The World Markets in the East closed lower…

Morning Notes – Tuesday April 24, 2018

Directional Bias For The Day: S&P Futures are higher; moving up since 2:30 PM on April 23 Breaking above a horizontal channel; Down bias on daily, sideway bias on 2-hour charts and side-to-up bias lower degree timeframes Odds are for an up day with increased volatility – watch for break above 2688.00 and below 2682.00 for more clarity Key economic data…

Morning Notes – Monday April 23, 2018

Directional Bias For The Day: S&P Futures are higher; moving up since 4:00 AM At the upper bound of a symmetrical triangle on 30-minute chart Down bias on daily and 2-hour charts; bias  is sideways to up on lower degree timeframes Odds are for a choppy day – watch for break above 2778.25 and below 2666.50 for change…

Morning Notes – Friday April 20, 2018

Directional Bias For The Day: S&P Futures are little changed; moving  higher since 3:30 AM; Forming a W14 pattern as named by Arthur Merrill Odds are for an up move – watch for break below 2690.25 for change of fortunes No key economic data due Markets Around The World Markets in the East closed lower European markets are mixed – U.K., France, Spain and…

Morning Notes – Thursday April 19, 2018

Directional Bias For The Day: S&P Futures are lower; moving  mostly  lower since 7:45 AM on April 18; Broken below a descending triangle on 6-minute chart; 61.8% extension target near 2698.75 is achieved; 100% extension target is near 2695.50 Odds are for a down move – watch for break above 2708.00 for change of fortunes Key economic data due Unemployment…