Morning Notes – Wednesday, October 4, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM – at a resistance level around 4278.00, a swing-high on the 15-minute chart The odds are for an up day with elevated volatility – watch for a break below 4258.50 for a change of sentiments The major economic data reports due during the…

Morning Notes – Tuesday, October 3, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – declined more than 40 points since 4:15 AM high of 4336.75 The odds are for a down day with elevated volatility – watch for a break above 4313.75 for a change of sentiments The major economic data reports due during the day:…

Morning Notes – Monday, October 2, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM, at a swing low around 4311.00 on the 15-minute chart after declining from a high of 4355.50 at 3:15 AM The odds are for a down day with a good chance of a bounce from the pre-open levels around 4315.00 – watch for…

Morning Notes – Friday, September 29, 2023

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%…

Morning Notes – Thursday, September 28, 2023

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…

Morning Notes – Tuesday, September 26, 2023

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:…

Morning Notes – Thursday, September 21, 2023

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…

Morning Notes – Tuesday, September 19, 2023

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…

Morning Notes – Monday, September 18, 2023

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…