Morning Notes – Friday, October 27, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM – moving up since 8:00 Am within a trading range between 4185.00 and 4161.00 since 6:00 PM on Thursday The odds are for an up day with elevated volatility – watch for a break below 4161.00 for a change of sentiments The major…

Morning Notes – Thursday, October 26, 2023

Directional Bias For The Day: S&P Futures are lower at 8:15 AM – moving sidewyas tod own since 9:30 PM between 4189.25 and 4171.00 The odds are for a down day with elevated volatility – watch for breaks above 4189.25 for a change of sentiments The major economic data reports due during the day: Advance…

Morning Notes – Monday, October 23, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – bounced up 15 points since 6:00 AM in a downtrend The odds are for a down day with elevated volatility and with a good chance of a bounce from the pre-open levels around 4230.00  – watch for breaks above 4247.25 for a…

Morning Notes – Friday, October 20, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – moving within a widening pattern after declining sharply on Thursday The odds are for a sideways to a down day with elevated volatility – watch for breaks below 4299.50 and 4304.25 for a change of sentiments No major economic data reports are…

Morning Notes – Thursday, October 19, 2023

Directional Bias For The Day: S&P Futures are little changed at 8:45 AM; up more than 30 points since 3:45 AM, attempting to break above a handle of a cup-with-handle pattern The odds are for a sideways to an up day with elevated volatility – watch for breaks below 4334.00 for a change of sentiments…

Morning Notes – Wednesday, October 18, 2023

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; broke below a symmetrical triangle at 6:15 AM – the 100% extension target is near 4369.00, and the 161.8% extension target is near 4359.00 The odds are for a down day with elevated volatility – watch for breaks above 4397.25 for a change…

Morning Notes – Tuesday, October 17, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – moving down since 3:15 PM on Monday – down more than 35 points The odds are for a down day with elevated volatility – watch for breaks above 4393.25 and 4402.50 for a change of sentiments The major economic data reports due…

Morning Notes – Thursday, October 12, 2023

Directional Bias For The Day: S&P Futures are little changed at 9:00 AM – moving down since 8:00 AM after the release of the CPI data; down more than 20 points from the high of 4430.50 The odds are for a down day with a good chance of a sideways to down move from the…

Morning Notes – Wednesday, October 11, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM – moving higher since 2:15 and forming the right side of a cup-pattern The odds are for an up day with elevated volatility – watch for a break below 4395.25 for a change of sentiments The major economic data reports due during the…

Morning Notes – Monday, October 9, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – moving within a trading range between 4322.50 and 4299.50 after gapping down more than 40 points at the week’s open The odds are for a sideways to down day with elevated volatility – watch for a break above 4322.50 or a break…