Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moved up more than 25 points since 8:15 AM and after the Unemployment Claims report – breaking above a Horizontal Channel between 4003.25 and 3971.50 The odds are for an up to a sideways day – watch for a break below 3980.00 for…

Directional Bias For The Day: S&P Futures are higher at 8:30 AM, fluctuating from high to low within a Horizontal Channel between 4000.00 and 3982.00 since 1:45 PM on Tuesday The odds are for a sideways to a down day – watch for a break above 4000.75 or a break below 3982.50 for clarity The…

Directional Bias For The Day: S&P Futures are higher at 8:30 AM, moving within a Horizontal Channel between 4064.50 and 4048.50 since 3:15 PM on Monday The odds are for a sideways to a down day – watch for a break above 4064.50 and a break below 4048.50 for clarity The major economic data report…

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; broke above a down-sloping flag at 8:00 Am The odds are for an up day with elevated volatility – watch for a break below 4043.50 for a change of sentiments The major economic data report is due during the day: Factory Orders (…

Directional Bias For The Day: S&P Futures are higher at 8:45 AM, forming a Cup-with-Handl pattern, albeit a very small handle; A break above 4002.25 will complete the pattern The odds are for an up day with elevated volatility – watch for break below 3991.25 for a change of sentiments The major economic data report…

Directional Bias For The Day: S&P Futures are lower at 8:00 AM; bounced up  more than 20 points from 3925.00 at 3:00 AM to a resistance level around 3947.00 The odds are for a down day with elevated volatility – a good chance of a dead cat bounce – watch for breaks above 3947.75 for…

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; down more than 30 points since 6:15 AM after breaking below a rising wedge at 7:00 AM The odds are for a down day with elevated volatility – watch for breaks above 3986.75 for a change of sentiments The major economic data report…