Morning Notes – Wednesday, March 16, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; up more than 70 points since  the 8:00 PM low of 4239.00; moving sideways since 6:00 AM; The odds are for an up day with elevated volatility; watch for a break below 4278.50 for a change of sentiments; Key economic data report due…

Morning Notes – Tuesday, March 15, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; up more than 60 points since 5:00 AM after  RSI made a Bullish Divergence  on the 15-minute chart; The odds are for an up day with elevated volatility; watch for a break below 4162.75 for a change of sentiments; Key economic data report…

Morning Notes – Monday, March 14, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; broke below an up-sloping flag, which is bearish in nature, at 7:00 AM after rising more than 45 points from Friday’s low; The odds are for an up day with elevated volatility; watch for a break below 4199.50 for a change of sentiments;…

Morning Notes – Friday, March 11, 2022

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; up almost 100 points from the 10:30 PM low of 4232.00; declining since 6:15 AM high of 4335.50; The odds are for an up day with elevated volatility; watch for a break below 4270.50 for a change of sentiments Key economic data report…

Morning Notes – Wednesday, March 9, 2022

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; up almost 100 points from the 4:30 PM low of 4148.25; rising since 6:45 after a small retreat The odds are for an up day with elevated volatility; watch for a break below 4226.25 Key economic data report due during the day: JOLTS…

Morning Notes – Tuesday, March 8, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; declined more than 40 points from 7:15 AM high of 4233.50 The odds are for a down day with elevated volatility; watch for a break above 4233.50 for a change of sentiments Key economic data report due during the day: Trade Balance (-87.5B…

Morning Notes – Monday, March 7, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moved above 4300.00 from a low of 4238.00 at 3:30 AM; The odds are for a down day with elevated volatility; watch for a break above 4329.75 for a change of sentiments No key economic data report due during the day: Directional Bias…

Morning Notes – Friday, March 4, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving down from 4361.25  since 3:15 AM after bouncing from 4283.50 at 7:45 PM The odds are for a down day with elevated volatility; watch for a break above 4346.56 for a change of sentiments Key economic data report due during the day:…

Morning Notes – Thursday, March 3, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; breaking above a horizontal channel – 61.8% extension target is near 4408.00 and the 100% extension target is near 4416.00 The odds are for an up day with elevated volatility; watch for a break below 4367.50 for a change of sentiments Key economic…

Morning Notes – Wednesday, March 2, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moving down since 5:15 AM The odds are for a sideways to an up day with elevated volatility; watch for a break above 4343.00 and break below 4278.25 for clarity Key economic data report due during the day: ADP Non-Farm Employment Change  (…