Morning Notes – Thursday, March 24, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; declining since 7:00 AM; possible Doble Top pattern on the 15-minute chart The odds are for a sideways to down day from pre-open levels around 4470.00- watch for a break above 4481.25 for a change of sentiments Key economic data report due during…

Morning Notes – Tuesday, March 22, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; moving sideways to down since 4:30 AM; The odds are for an up to sideways day – watch for a break above 4472.50 and a break below 4458.75 for clarity Key economic data report due during the day: Richmond Manufacturing Index ( 2…

Morning Notes – Monday, March 21, 2022

Directional Bias For The Day: S&P Futures are a bit lower before the NYSE open; drifting higher since 1:30 AM The odds are for a sideways to an up day – watch for a break above 4465.75 and a break below 4430.75 for clarity Key economic data report due during the day: Fed Chair Powell…

Morning Notes – Friday, March 18, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; down more than 20 points since 2:30 Am and down more than 30 points since 4:00 PM The odds are for a down day with elevated volatility; watch for a break above 4382.50 for a change of sentiments; Key economic data report due…

Morning Notes – Thursday, March 17, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; up more than 70 points since  the 8:00 PM low of 4239.00; moving sideways since 6:00 AM; The odds are for an up day with elevated volatility; watch for a break below 4320.25 for a change of sentiments; Key economic data report due…

Morning Notes – Wednesday, March 16, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; up more than 70 points since  the 8:00 PM low of 4239.00; moving sideways since 6:00 AM; The odds are for an up day with elevated volatility; watch for a break below 4278.50 for a change of sentiments; Key economic data report due…

Morning Notes – Tuesday, March 15, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; up more than 60 points since 5:00 AM after  RSI made a Bullish Divergence  on the 15-minute chart; The odds are for an up day with elevated volatility; watch for a break below 4162.75 for a change of sentiments; Key economic data report…

Morning Notes – Monday, March 14, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; broke below an up-sloping flag, which is bearish in nature, at 7:00 AM after rising more than 45 points from Friday’s low; The odds are for an up day with elevated volatility; watch for a break below 4199.50 for a change of sentiments;…

Morning Notes – Friday, March 11, 2022

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; up almost 100 points from the 10:30 PM low of 4232.00; declining since 6:15 AM high of 4335.50; The odds are for an up day with elevated volatility; watch for a break below 4270.50 for a change of sentiments Key economic data report…

Morning Notes – Wednesday, March 9, 2022

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; up almost 100 points from the 4:30 PM low of 4148.25; rising since 6:45 after a small retreat The odds are for an up day with elevated volatility; watch for a break below 4226.25 Key economic data report due during the day: JOLTS…