Morning Notes – Wednesday, October 19, 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…

Morning Notes – Friday, October 14, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; they have moved up more than 50 points since 8:00 AM; The odds are for an up day with elevated volatility – watch for a break below 3692.25 for a change of sentiments The key economic data report is due during the day:…

Morning Notes – Thursday, October 13, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; they were higher at 8:30 AM but declined more than 140 points following the CPI report at 8:30 AM The odds are for a down with elevated volatility The key economic data report is due during the day: CPI m/m ( 0.4% vs.…

Morning Notes – Wednesday, October 12, 2022

Directional Bias For The Day: S&P Futures are high at 9:00 AM; down more than 20 points since 5:15 AM and broken below a Double Top pattern on 15-minute charts – the 61.8% extension target is near 3586.00, and the 100% extension target is near 3575.00 The odds are for a sideways to a down…

Morning Notes – Tuesday, October 11, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; down more than 13 after rising more than 45 since 6:00 AM The odds are for a sideways to an up day with elevated volatility – watch for a break below 3602.00 for a change in sentiments No key economic data report is…

Morning Notes – Thursday, September 29, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; down more than 50 points from 3:30 PM; moving sideways with large fluctuations since 2:15 AM between 3716.00 and 3673.00 The odds are for a down day with elevated volatility – watch for a break above 3711.50 for a change in sentiments The…

Morning Notes – Monday, September 26, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; bouncing up since 5:30 AM from a low of 3671.50 The odds are for a down to sideways day with elevated volatility – watch for a break above 3702.25 and 3718.25 No key economic data report is due during the day: Directional Bias…

Morning Notes – Friday, September 23, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; bouncing up since 8:45 AM from a low of 3715.25 The odds are for a down day with elevated volatility – watch for a break above 3761.75 and 3773.00 The key economic data report due during the day: Flash Services ( 45.5 est.;…