Directional Bias For The Day: S&P Futures are lower; moving lower since 3:00 AM; moving sideways since 5:30 AM Odds are for a down day; watch for break above 2876.00 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mostly lower – Tokyo and Sydney were up European markets are lower Currencies: Up…
Directional Bias For The Day: S&P Futures are higher; moving higher since 12:30 PM on Friday Odds are for an up day; watch for break below 2883.00 and 2880.00 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mostly lower – Tokyo and Seoul were up European markets are higher…
Directional Bias For The Day: S&P Futures are lower; moving down since 2:30 AM Sharp down move following the release of Non-Farm Payroll report at 8:30 AM Odds are for a down day; watch for break above 2875.00 for change of fortune Key economic data due: Non-Farm Employment Change (201K vs. 191K) at 8:30 AM Unemployment Rate (3.9% vs. 3.8%…
Monthly Chart Indicates Pause in Uptrend For the month of August 2018, the dollar index made a shooting star pattern (see Fig 1). The shooting star is a bearish reversal pattern that occurs after a rally. The index has been rising since making a low of 88.15 on February 16, 2018. So even though the…
Directional Bias For The Day: S&P Futures are unchanged to up; moving within a symmetrical triangle on 30-min chart Odds are for a sideways to up day; watch for break above 2892.75 and below 2885.50 for clarity Key economic data due: ADP Non-Farm Employment Change (163K vs. 195K) at 8:15 AM Unemployment Claims (203K vs. 214K est.) at 8:30 AM…
Directional Bias For The Day: S&P Futures are lower; bouncing off from a low 2885.00, near Tuesday’s low, at 4:00 AM Odds are for a sideways to down day; watch for break above 2899.25 and below 2885.00 for clarity No key economic data due: Markets Around The World Markets in the East closed lower European markets are mostly down – Italy is…
Directional Bias For The Day: S&P Futures are lower; near a support level Odds are for a sideways to down day; watch for break above 2898.25 and below 2892.00 for clarity Key economic data due: ISM Manufacturing PMI (est. 57.6) at 10:00 AM Markets Around The World Markets in the East closed mixed – Shanghai, Hong Kong, Seoul and Singapore were up;…
You must be logged in to post a comment.