Morning Notes – Monday, January 9, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; futures moving within a range since 2:30 PM on Friday between 3940.00 and 3910.00 The odds are for a sideways day – watch for a break above 3941.00 and a break below 3910.00 for clarity. No major economic data report is due during…

Morning Notes – Friday, January 6, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; futures shot up following the Non-Farm Payroll report at 8:30 AM The odds are for an up day with elevated volatility – watch for a break below 3855.50 for a change of sentiments The major economic data report is due during the day:…

Morning Notes – Thursday, January 5, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; drifting lower since 7:30 AM; the down pressure increased following the ADP report and Unemployment Claims; broke below an uptrend line on the intraday chart The odds are for a down day with elevated volatility – watch for a break above 3879.75 for…