Directional Bias For The Day: S&P Futures are lower at 8:45 AM. Futures broke below an up-sloping flag at 8:30 AM following the retail sales report. The 100% extension target is near the 4535.00 level. The odds are for a down day to a sideways day – watch for a break above 4555.75 or a…

Directional Bias For The Day: S&P Futures are lower at 8:45 AM. Futures have been moving sidewyas since 4:45 Pm on Friday within a range bounded by 4539.25 and 4528.00. The odds are for a down day to a sideways day – watch for a break above 4539.25 or a break below 4528.00 for clarity…

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been moving within a range bounded by 4527.00 and 4517.75 since 3:15 AM. The odds are for an up day with a good chance of sidewyas to down move from the pre-open levels around 4525.00 – watch for a break above…

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Moving up since 4:45 AM – up more than 15 points The odds are for an up day with a good chance of  a sideways move from the pre-open levels around 4455.00 The major economic data reports due during the day: NFIB Small…

Directional Bias For The Day: S&P Futures are lower at 8:30 AM. Trending down since 11:00 AM on Wednesday; broke below an upsloping flag at 7:30 AM – the 61.8% extension target near 4448.00 is achieved and the 100% extension target is near 4437.25 and 161.8% is near 4418.00 The odds are for a down…

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Trending down since 9:20 PM on Tuesday – down more than 25 points The odds are for a down day with a good chance of a sideways to up move from pre-open levels around 4470.00 – watch for a break above 4473.25 for…

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures are near the lower bound of a horizontal range between 4491.75 and 4480.75 The odds are for a sideways to down day – watch for a break above 4491.75 and a break below 440.75 for clarity The major economic data reports due…

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures have been making a broadening pattern since 6:30 PM within a narrow range. The odds are for a sideways to down day – watch for a break above 4416.75 and a break below 4406.50 for clarity The major economic data reports due…

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been drifting lower since 3:00 AM and sideways to down since – 4:45 AM. The odds are for a sideways move within a 20-30 points range around the pre-open levels – watch for a break above 4387.75 and a break below…