Directional Bias For The Day: S&P Futures are lower at 9:00 AM. The futures have been moving within a down-sloping flag since 2:45 PM on Friday The odds are for a down day – watch for a break below 4447.75 for a change of sentiments The major economic data report due during the day: Building…
The S&P 500 is trending up since bottoming on October 13, 2022. It has cleared a few critical resistance levels and broken above bullish chart patterns since then. The probability is high that the upswing will go on for some time. Monthly Timeframe Fig 1. tells a good story of the S&P 500. The logarithmic…
Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Moving up since 10:15 PM from a low of 4459.75 to 4485.50, the high of Thursday, forming a cup pattern. The odds are for an up – watch for a break below 4468.75 for a change of sentiments The major economic data report…
Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Futures broke below a sidewyas move since 3:30 AM between 4420.50 and 4428.00 The odds are for a sideways to down day – watch for a break above 4428.00 and a break below 4414.00 for clarity The major economic data report due during…
Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Futures swung more than 25 points following the CPI data release at 8:30 AM. The odds are for an up day with elevated volatility – watch for a break below 4381.75 for a change of sentiments The major economic data report due during…
Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Moving up since 6:15 AM from 4353.00 after declining from 4364.50 reached at 5:00 AM The odds are for an up day with an equal chance of breaking down- watch for a break below 4353.00 for a change of sentiments No major economic…
Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Moving up since 3:30 AM – up more than 20 points since then to before the NYSE open. The odds are for an up day – watch for a break below 4289.50 for a change of sentiments No major economic data report is…
Directional Bias For The Day: S&P Futures are a little lower at 9:00 AM. Futures are within an Ascending Triangle below a resistance level around 4279.00 The odds are for a sideways day to a down day – watch for a break above 4279.00 and a creak below 4262.75 for clarity The major economic data…
Directional Bias For The Day: S&P Futures are higher at 8:45 AM. Futures are at the upper bound of a trading range between 4296.75 and 4281.50 The odds are for a sideways day to an up day – watch for a break above 4296.75 or a break below 4281.50 for clarity The major economic data…
Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures have been moving sideways between 4285.00 and 4273.00 since 2:30 PM on Monday The odds are for a sideways day – watch for a break above 4285.00 or a break below 4273.00 for clarity No major economic data report is due during…
You must be logged in to post a comment.