Directional Bias For The Day: S&P Futures are higher; moving sideways since 6:00 PM on Sunday Odds are for a sideways, with an up bias – watch for break above 2656.25 and break below 2649.25 No Key economic data due: Markets Around The World Markets in the East closed higher European markets are lower Currencies: Up Down EUR/USD AUD/USD NZD/USD USD/CAD Dollar index GBP/USD USD/JPY USD/CHF Commodities:…

Directional Bias For The Day: S&P Futures are down; moving down from the high of 2437.00 at 8:30 PM on Wednesday Crossed below an uptrend line on 30-min chart which is like a break below an up-sloping flag Odds are for a sideways to down day – watch for break above 2634.50 and 2637.00 Key economic data due: Unemployment Claims (236K vs. 239K est.) at 8:30 AM…

Directional Bias For The Day: S&P Futures are slightly down; moving up from the low of 2620.00 at 2:45 AM At a resistance zone, which was prior support Odds are for a sideways to down day – watch for break above 2628.00 and 2631.50 Key economic data due: ADP Non-Farm Employment Change (190K vs. 189K est.) at 8:15 AM Markets Around The World Markets in…

Directional Bias For The Day: S&P Futures are higher Drifting up since the low of 2633.75 at 4:30 PM on Monday; the 38.2% Fibonacci retracement is near 2645.75 and 50% near 2649.25 Odds are for a sideways to down day – watch for break above 2645.50 and 2649.25 Key economic data due: Trade Balance (-48.7B vs. -46.2B est.) at 8:30 AM ISM Non-Manufacturing…