Morning Notes – Tuesday, September 20, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; down more than 45 points since 3:30 AM; broke below an upsloping flag at 8:00 AM – the 61.8% extension target is near 3881.00, and the 100% extension target is ear 3865.00 The odds are for a down with elevated volatility – watch…

Morning Notes – Monday, September 19, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; rising since 6:15 PM; up more than 18 points from the low of 3846.25 The odds are for a down to sideways day with elevated volatility; good chance of a sideways to up move from the pre-open levels around 3965.00  – watch for…

Morning Notes – Friday, September 16, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; declining since 4:00 PM – down more than 25 points since 6:45 AM The odds are for a down day with elevated volatility – watch for a break above 3894.00 for a change of sentiments The key economic data report due during the…

Morning Notes – Thursday, September 15, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; declining since 4:00 AM – down more than 25 points The odds are for a down to a sideways elevated volatility – watch for a break above 3965.50 for a change of sentiments The key economic data report due during the day: Retail…

Morning Notes – Wednesday, September 14, 2022

Directional Bias For The Day: S&P Futures are high at 9:00 AM; moving within a trading range between 3878.00 and 3838.00 since 3:30 PM The odds are for a sideways to down day with elevated volatility – watch for a break above 3878.00 and a break below 3843.00 for clarity The key economic data report…

Morning Notes – Tuesday, September 13, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; declined 90 points in one minute following the CPI report  at 8:30 AM The odds are for a down day with elevated volatility – watch for a break below 4043.75 and a break above 4080.25 for clarity The key economic data report due…

Morning Notes – Monday, September 12, 2022

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; moving down since 5:15 AM; down more than 15 points The odds are for an up to a sideways day with elevated volatility – watch for a break below 4095.50 and break above 4115.00 for clarity No key economic data report is due…

Morning Notes – Friday, September 9, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving sideways to up since 4:15 AM between 4061.75 and 4048.50 The odds are for an up day with elevated volatility – watch for a break below 4040.75 for a change of sentiments The key economic data report due during the day: Final…

Morning Notes – Thursday, September 8, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving lower since 7:00 AM – breaking below a horizontal channel between 3969.75 and 3996.00 The odds are for a down day with elevated volatility – watch for a break above 3989.75 for a change of sentiments The key economic data report due…

Morning Notes – Wednesday, September 7, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving lower since 4:00 AM – down more than 25 points The odds are for a down day with elevated volatility – watch for a break above 3923.25 for a change of sentiments The key economic data report due during the day: Beige…