Directional Bias For The Day: The futures are directionless S&P future are fluctuating between 2175.75 and 2172.50 since 3:30 PM on Aug 30 For the past few days, at NYSE open, the futures were slightly changed and the day’s trading swung both ways with final close modestly changed from previous one Only one trend day (up) in the past…

Directional Bias For The Day: The futures are directionless S&P future are sideways since 11:00 AM on Monday According to Stock Trader’s Alamanc, on the second to last trading day of August S&P 500 was up only 23.2% of times On Monday at 4:00 PM, S&P future (Sept contract) closed at 2179.25 and the index closed at 2180.38 – a…

Directional Bias For The Day: The futures are directionless Follow through on Friday’s wild swing is possible in either direction An ascending triangle is emerging on 30-minute charts and break in either direction will set the tone for the next few hours S&P500’s swing low of 2168.50 was taken out; next swing low is 2147.58 On Friday at…

Directional Bias For The Day: The futures are directionless and awaiting Chair Yellen’s speech at Jackson Hole at 10:00 AM Swing low of 2168.50 is critical for S&P 500 On Thursday at 4:00 PM, S&P future (Sept contract) closed at 2171.75 and the index closed at 2172.47 – a spread of about 0.75 points Key Levels: Critical…

Directional Bias For The Day: The futures are lower following an abandoned baby top on Wednesday for S&P 500 Odds are for a down day, though there are some strong support nearby On Wednesday at 4:00 PM, S&P future closed at 2174.25 and the index closed at 2175.44 – a spread of about 1.50 points Key Levels: Critical…

Directional Bias For The Day: The futures are slightly higher after regaining the break above a resistance Odds are for a sideways than a trend day with price feeling up pressure On Tuesday at 4:00 PM, S&P future closed at 2185.00 and the index closed at 2186.90 – a spread of about 2.00 points Key Levels: Critical support levels for S&P…

Directional Bias For The Day: The futures are higher after breaking above a resistance Odds are high for an up day On Monday at 4:00 PM, S&P future closed at 2180.50 and the index closed at 2182.64 – a spread of about 2.00 points Critical support levels for S&P 500 are 2179.25, 2175.13, and 2168.50 Critical resistance levels for S&P…

Directional Bias For The Day: The futures are lower after testing the resistance created by NYSE session’s last hour high on Thursday, Aug 18 2016 at 5:00 AM The S&P 500 future are at the lower bound of an ascending triangle on 30-minute charts Odds are high for a sideways or a down day – break above 2185.00 by S&P…

Directional Bias For The Day: The futures are lower but above the lows reached at 4:30 AM Odds are high for a sideways or a down day – break above 2185.00 will increase the odds for an up day whereas a break below 2176.00 will increase the odds for a down day; On Thursday at 4:00 PM, S&P…