A Head-&-Shoulder Pattern is Emerging on Emini 240-Minute Chart

Before the NYSE session-open on Thursday, February 18, an uneven Head-&-Shoulder pattern is emerging on the Emini futures 240-minute chart. The Left Shoulder formed at around 3928.50 on February 10 morning. The Head formed around 3959.25 on February 15 evening. The Right Shoulder seems formed around 3936.00 on February 17 evening. The potential Neckline is…

Morning Notes – Thursday February 18, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance of sideways move from pre-open levels – watch for a break above 3913.50 for change of fortunes Key economic data report due during the day: Philly Fed Manufacturing Index ( 23.1 vs.20.3 est.; prev. 26.5)…