Futures are up today 7.75 points as of now after having two strong days, yesterday news was an ease to the market as North Korea and South Korea ready to have a talk.
SPX $2705 was the trigger as we closed above it and it hit a high of $2713, lets see if it can hold this level to push for $2725 into gap fill.
SPX $2705 was the trigger as we closed above it and it hit a high of $2713, lets see if it can hold this level to push for $2725 into gap fill.
Comment:
$SPX could not handle $2703 area and traded into the gap earlier this week to hit a low of $2681. It held above Monday’s weekly breakout level to keep some commitment to the move. You may trade carefully between yesterday’s low at $2681 and Thursday’s high at $2717.
Good luck to you all!
Good luck to you all!
Trade active:
Here what I was referring to as you leave the market and wait for a trade or a bounce. The market open a little bit lower then tried to move to the upside it hit $2993.94. As said earlier we will be in a range of yesterday's low and Thursday's high. The market could not handle the lows which triggered more downside movement at $2660.61
long short story $2681 yesterday's could not hold well. Now you have the chance to short or go puts or just wait to see where is a ground level of support.
Have a great weekend all!
long short story $2681 yesterday's could not hold well. Now you have the chance to short or go puts or just wait to see where is a ground level of support.
Have a great weekend all!
Comment:
Good Morning!
$SPX futures are a bit higher. Last week, three down days with not much movements on Friday. Lets see how the market will react to the 3% on the 10-year.
Banks can react strong and rally if the 3% on yield held and stays above it.
$SPX 2660ish low on Friday, If it breaks to the downside and holds below, reduce
but If 2660 breaks and we then reclaim it, then we will have a confirmation this will reverse nicely!
Good luck!
$SPX futures are a bit higher. Last week, three down days with not much movements on Friday. Lets see how the market will react to the 3% on the 10-year.
Banks can react strong and rally if the 3% on yield held and stays above it.
$SPX 2660ish low on Friday, If it breaks to the downside and holds below, reduce
but If 2660 breaks and we then reclaim it, then we will have a confirmation this will reverse nicely!
Good luck!
Comment:
and it did not hold! thats you can trade the market it did not hold it touches the high, reversed from there printing lower lows!
Congrats!
Congrats!
Comment:
$SPX futures are 8.25 pts, still in the middle as it came off from the low at 2618.25 . We will see if we can buy vs. yesterday’s 2617 2618.25 lows or we broke below that and we have then 2580 hope.
If we bounced then we will have uppoer resistance level at 2657-2662.
Let us keep in our mind that yesterday, the 10-year yield hit 3%, and the SPX broke Monday's gap at 2658-2660 area, which made the recent rally to fail.
If we bounced then we will have uppoer resistance level at 2657-2662.
Let us keep in our mind that yesterday, the 10-year yield hit 3%, and the SPX broke Monday's gap at 2658-2660 area, which made the recent rally to fail.
Comment:
Look at SPX it put a low at 2612.67 and reclaimed the above level mentioned to trade against it at 2617 - 2618.25 what happened it gets reclaimed back held well above it, gave a nice entry now futures trading at 2646
was a nice trade set up to buy option call or SPX
The goes for SPY, will update you tomorrow before the market starts!
was a nice trade set up to buy option call or SPX
The goes for SPY, will update you tomorrow before the market starts!
Comment:
$SPX futures are up 6.50 pts, giving nice upside move after bouncing from the a low at 2612.67 then it reclaimed 2617 - 2618.25. it held the 200 day and reclaimed 2617 -2618.25 as mentioned previously.
Resistance up near 2657-2660, which could be a battleground area which Monday's gap area.
Resistance up near 2657-2660, which could be a battleground area which Monday's gap area.
$SPX futures -3 after a strong move above 2660 to hit a high of 2717 earlier this week. Market is overbought from yesterday which could give us a oasis. I want to see it Holding 2690 if it does then it will keep bulls happy.
Yesterday’s low at 2703. it will be nice if it digest.