Morning Notes – Wednesday, June 29, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:00 AM; moving sideways since 2:15 PM between 3840.00 and 3812.00; The odds are for a sideways to an up day with elevated volatility – watch for a break below 3912.00 for a change of sentiments The key economic data report due during…

Morning Notes – Tuesday, June 28, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; forming a symmetrical triangle with a high point of 3937.75 and  a low point of 3908.00 The odds are for an up day with elevated volatility and with a good chance of sideways from pre-open levels  – watch for a break below 3908.00…

Morning Notes – Monday, June 27, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; drifting down since 4:00 AM; down more than 20 points from the high of 3948.00 The odds are for an up day with elevated volatility – watch for a break below 3911.75 for a change of sentiments The key economic data report due…

Morning Notes – Friday, June 24, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM;  moving sideways since 12:00 AM forming a pennant between 3834.25 and 3816.75 The odds are for an up day with elevated volatility – watch for a break below 3816.75 for a change of sentiments The key economic data report due during the day:…

Morning Notes – Thursday, June 23, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM;  drifting down since 7:15 AM; down from 3796.75  to a support level around 3773.75 The odds are for an up day with elevated volatility – watch for a break below 3773.75 for a change of sentiments The key economic data report due during…

Morning Notes – Wednesday, June 22, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; forming an upsloping flag, a bearish formation since 4:00 AM on the 15-minute timeframe The odds are for a down day with elevated volatility – watch for a break above 3724.75 and 3738.75 The key economic data report due during the day: The…

Morning Notes – Tuesday, June 21, 2022

Directional Bias For The Day: S&P Futures are higher at 9:15 AM; moved up more than 80 points since 9:30 PM on Sunday The odds are for an up day with elevated volatility – watch for a break below 3720.25 The key economic data report due during the day: Existing Home Sales ( 580M est.;…

Morning Notes – Friday, June 17, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:15 AM; moved down more than 40 points from the high of 3713.50 at 4:30 AM The odds are for a choppy day with a greater chance of going up than down from the pre-market levels around 3675.00 – watch for a break…

Morning Notes – Thursday, June 16, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; moving up  since 5:15 AM – from 3695.00 to around 3720.00 The odds are for a down day with elevated volatility – watch for a break above 3732.50 The key economic data report due during the day: Unemployment Claims ( 229K vs 215K…

Morning Notes – Wednesday, June 15, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moved up more than 35 points since 1:15 AM The odds are for an up day with elevated volatility – watch for a break below 3752.25 for a change of sentiments The key economic data report due during the day: Retail Sales (…