Morning Notes – Monday, January 31, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; drifting sideways to down since 10:30 PM The odds are for an up day with elevated volatility; watch for a break below 4395.50 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open: Weekly: Correction…

Morning Notes – Friday, January 28, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; declined from 4335.75 at 9:45 PM to 4266.50 at 7:45 AM and then bounced up to around 4315.00 The odds are for a down day with elevated volatility; watch for a break above 4334.00 for a change of sentiments Key economic data report…

Morning Notes – Thursday, January 27, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; up more than 110 points from 10:45 PM lows of 4263.25 The odds are for an up day with elevated volatility; watch for a break below 4331.50 and 4321.25 for a change of sentiments Key economic data report due during the day: Advance…

Morning Notes – Wednesday, January 26, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; up more than 115 points from 4:15 PM lows of 4296.50 The odds are for an up day with elevated volatility; watch for a break below 4392.50 and 4345.25 for a change of sentiments Key economic data report due during the day: New…

Morning Notes – Tuesday, January 25, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; declined more than 60 points since 5:15 AM; bouncing off from a support level around 4320.00 and forming a descending triangle pattern on 15-min chart The odds are for a down day with elevated volatility and with a good potential for a bounce…

Morning Notes – Monday, January 24, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; declined more than 60 points since 7:00 AM The odds are for a down day with elevated volatility and with a good potential for a bounce back from lows; watch for a break above 4386.75 for a change of sentiments Key economic data…

Morning Notes – Friday, January 21, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; broke below an up-sloping flag at 6:15 AM after climbing up from 4429.50 at 9:45 PM to 4476.00 at 5:30 AM The odds are for a down day with elevated volatility; watch for a break above 4477.75 for a change of sentiments Key…

Morning Notes – Thursday, January 20, 2022

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; retreated 10 points from a high of 4552.00 at 4:00 AM and after gaining 38 points from yesterday’s low The odds are for an up day with elevated volatility; watch for a break below 4528.75 for a change of sentiments Key economic data…

Morning Notes – Wednesday, January 19, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moving up since 2:45 AM from 4535.50 to near 4595.00 The odds are for an up day with elevated volatility; watch for a break below 4573.25 for a change of sentiments Key economic data report due during the day: Building Permits ( 1.71M…

Morning Notes – Tuesday, January 18, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; bounced up 20 points from early morning lows of 4590.75; from The odds are for a down day with elevated volatility; watch for a break above 4625.25 and 4648.00 for a change of sentiments Key economic data report due during the day: Empire…