Directional Bias For The Day: S&P Futures are higher at 9:00 AM; broke below a Horizontal Channel following a large swing after the GDP and Unemployment Claims report at 8:30 AM – the 61.8% extension target is near 4120.00, and the 100% extension target is near 4150.00 The odds are for an up day with…
Directional Bias For The Day: S&P Futures are lower at 9:00 AM; broke below a Double Bottom low – the 100.0% extension target near 3986.00 is achieved, and the 161.8% extension target is near 3980.00 The odds are for a down day with elevated volatility – watch for a break above 3998.00 and a break…
Directional Bias For The Day: S&P Futures are lower at 9:00 AM; futures are drifting lower since 12:30 AM – down more than 25 points; breaking below a horizontal channel – the 61.8% extension target is near 4001.50, and the 100% extension target is near 3992.00 The odds are for a down day with elevated…
Directional Bias For The Day: S&P Futures are a bit higher at 9:00 AM; futures are moving sideways around 3990.00 The odds are for a sideways to an up day with elevated volatility – watch for a break above 4000.00 and a break below 3980.25 for clarity. No major economic data report is due during…
Directional Bias For The Day: S&P Futures are a bit higher at 9:00 AM; futures moving within a range between 3931.00 and 3910.00 – near the lower end of the range The odds are for a sideways to an up day with elevated volatility – watch for a break below 3911.00 for clarity The major…
Directional Bias For The Day: S&P Futures are lower at 9:00 AM; futures drifting lower since 3:00 AM after a sideways move around the 3940.00 level; The odds are for a down day with elevated volatility – watch for a break above 3944.50 for a change of sentiments The major economic data report is due…
Directional Bias For The Day: S&P Futures are higher at 9:00 AM; futures drifting higher since 2:15 AM and nearing a resistance zone for the index at around 3958.00 The odds are for an up day with elevated volatility – watch for a break below 3942.25 for a change of sentiments No major economic data…
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…
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:…
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…
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