Morning Notes – Wednesday, November 30, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 8:00 AM; drifting sideways since  12:30 AM The odds are for an up-to-sideways day with elevated volatility – watch for a break above 3977.75 and a break below 3956.50 for clarity The key economic data report is due during the day: ADP Non-Farm…

Morning Notes – Tuesday, November 29, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 8:15 AM, declining since 3:30 AM from 3990.25, down more than 15 points The odds are for a down-to-sideways day with elevated volatility – watch for a break above 3990.25 and a break below 3960.50 for clarity No key economic data report is…

Morning Notes – Monday, November 28, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM, declining since 7:15 AM from 4006.00 after bouncing up from 3992.00 at 5:00 AM, just below 4000.00 The odds are for a down day with elevated volatility – watch for a break above 4006.75 and 4018.50 for a change of sentiments; No key…

Morning Notes – Wednesday, November 23, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM, declining since 7:30 AM; down more than ten points The odds are for a down day with elevated volatility – watch for a break above 4013.75 for a change of sentiments; The key economic data report is due during the day: Durable Goods…

Morning Notes – Tuesday, November 22, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM, broke above a Horizontal Channel at 8:00 AM – the 61.8% extension target near 3983.96 is achieved, and the 100% extension target is near 3992.75; The odds are for an up day with elevated volatility – watch for a break below 3964.75 and…

Morning Notes – Monday, November 21, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM, broke above a Double Bottom pattern at 8:00 AM – the 61.8% extension target near 3962.00 is achieved, and the 100% extension target is near 3965.00; The odds are for a sideways to down day with elevated volatility – watch for a break…

Morning Notes – Wednesday, November 9, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving sideways to down since 3:30 PM in large swings The odds are for a down day with elevated volatility – watch for a break above 3835.25 for a change of sentiments No key economic data report is due during the day: Directional…

Morning Notes – Tuesday, November 8, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; moving up since 7:30 AM The odds are for an up day with elevated volatility – watch for a break below 3818.50 for a change of sentiments No key economic data report is due during the day: Directional Bias Before Open: Weekly: Uptrend…

Morning Notes – Monday, November 7, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving sideways to up since 4:00 AM near a resistance level around 3805.00 The odds are for an up day with elevated volatility – watch for a break above 3805.00 and a break below 3784.75 for clarity No key economic data report is…

Morning Notes – Friday, November 4, 2022

Directional Bias For The Day: S&P Futures are higher at 9:15 AM; moving up following the Non-Farm Payroll report and after declining more than 40 points to 3713.50; The odds are for an up day with elevated volatility – watch for a break below 374925 for a change of sentiments The key economic data report…