Directional Bias For The Day: S&P Futures are higher at 8:45 AM, breaking above a cup-with-handle pattern on the 15-minute chart; The odds are for an up day – watch for a break above 4350.00 for a change of sentiments The major economic data reports due during the day: Core PCE Price Index ( 0.1%…
Directional Bias For The Day: S&P Futures are lower at 8:45 AM, moving sideways since 3:00 PM on Wednesday between 4330.25 and 4302.25 The odds are for a sidewyas to a down day – watch for a break above 4330.25 or a break below 4302.25 for clarity The major economic data reports due during the…
Directional Bias For The Day: S&P Futures are lower at 8:45 AM, moving sideways within a trading range between 4366.50 and 4344.00 The odds are for a sidewyas to a down day – watch for a break above 4383.50 or a break below 4338.25 for clarity The major economic data reports due during the day:…
Directional Bias For The Day: S&P Futures are lower at 8:45 AM; resumed the downtrend after a sideway move over the Asian session – down more than 35 points since 3:00 AM The odds are for a down day with elevated volatility – watch for a break above 4439.25 for a change of sentiments The…
Ahead of the FOMC’s September 20, 2023 meeting, rate decisions, and subsequent press conference, various market indices are at critical junctures. The market is betting heavily on the Fed holding the rate at 5.50%, so the indecision shown by the indices is due to uncertainty about the larger picture. It is possible that the FOMC’s…
Directional Bias For The Day: S&P Futures are higher at 8:45 AM, moving up since 1:00 AM – up more than 18 points, awaiting the FOMC’s rate decision tomorrow The odds are for an up day – watch for a break below 4488.75 for a change of sentiments The major economic data reports due during…
Directional Bias For The Day: S&P Futures are little changed at 8:30 AM, moving within a trading range between 4514.50 and 4487.00 since 1:15 PM on September 15, awaiting the FOMC’s rate decision tomorrow The odds are for a sidewyas day – watch for a break above 4514.50 or a break below 4487.00 for clarity…
Directional Bias For The Day: S&P Futures are lower at 8:45 AM; bouncing a bit after broking below a sidewyas move at 7:15 AM The odds are for a down day – watch for a break above 4507.50 for a change of sentiments No major economic data report is due during the day: Directional Bias…
Directional Bias For The Day: S&P Futures are higher at 8:45 AM; trading between 4539.25 and 4527.75 since 5:00 AM The odds are for an up day – watch for a break below 4524.50 for a change of sentiments The major economic data reports due during the day: ECB Main Refinancing Rate ( 4.5% vs.…
Directional Bias For The Day: S&P Futures are higher at 9:00 AM; up more than 15 points since 4:45 AM and more than 27 since 9:30 PM The odds are for an up day – watch for a break below 4526.75 and 4522.75 for a change of sentiments No major economic data report is due…
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