Morning Notes – Monday, November 7, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving sideways to up since 4:00 AM near a resistance level around 3805.00 The odds are for an up day with elevated volatility – watch for a break above 3805.00 and a break below 3784.75 for clarity No key economic data report is…

Morning Notes – Friday, November 4, 2022

Directional Bias For The Day: S&P Futures are higher at 9:15 AM; moving up following the Non-Farm Payroll report and after declining more than 40 points to 3713.50; The odds are for an up day with elevated volatility – watch for a break below 374925 for a change of sentiments The key economic data report…

Morning Notes – Wednesday, November 2, 2022

Directional Bias For The Day: S&P Futures are lower at 9:15 AM; moving within a Horizontal Channel between 3881.25 and 3852.50 since 10:15 AM on Tuesday The odds are for a sideways to down day at least until the afternoon and before the FOMC statement and press conference – watch for a break above 3881.25…

Morning Notes – Tuesday, November 1, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving up since e3:00 PM on Monday; The odds are for an up day with elevated volatility – watch for a break below 3907.25 for a change of sentiments The key economic data report is due during the day: Final Manufacturing PMI (…

Morning Notes – Thursday, October 27, 2022

Directional Bias For The Day: S&P Futures are a bit lower at 8:15 AM; moving lower since 1:30 AM from 3867.75 broke below a Double Top pattern – the 100% extension target near 3833.00 is almost achieved, and the 161.8% extension target is near 3822.00 The odds are for a down-to-sideways day with elevated volatility…

Morning Notes – Wednesday, October 26, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving down since 7:30 from 3853.50 and a Double Top; broke below the intermediate low of 3835.75 – the 61.8% extension target is near 3824.78, and the 100% extension target is near 3807.03 The odds are for a down day with elevated volatility…

Morning Notes – Tuesday, October 25, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving up and down since 5:00 AM between 3804.25 and 3790.00; The odds are for a sideways to a down day with elevated volatility – watch for a break above 3804.25 and a break below 3790.00 for clarity The key economic data report…

Morning Notes – Monday, October 24, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; drifting down since 7:45 from 3802.00 after rising from 3736.50 at 4:30 AM The odds are for an up day with elevated volatility – watch for a break below 3760.25 for a change of sentiments The key economic data report is due during…

Morning Notes – Friday, October 21, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving up since 8:45 AM with increased volatility; up more than 40 points since 8:45 AM The odds are for an up day with elevated volatility – watch for a break below 3655.75 for a change of sentiments No key economic data report…

Morning Notes – Thursday, October 20, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; moved down more than 50 points since 6:00 AM; The odds are for a down day with elevated volatility – watch for a break above 3722.00 and a break above 3739.25 for a change of sentiments The key economic data report is due…