This market just keeps making new ATH almost every day for last couple of weeks. Also Russell 3000 finally made ATH earlier this week. Level to watch: 4922 - 4924 Report to watch: 9:45AM: Chicago PMI 2:00PM: FOMC Announcement
This morning market has been trading High, as earnings season is on its way. Any test of ETH session HIGH could provide direction for the day. Level to watch: 4922 --- 4924 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
So far this year market has been trading in a range. It could also be a sign of distribution, time will tell. Level to watch: 4782 ---4784 Reports to watch: US:EIA Natural Gas Report 10:30 AM ET US:EIA Petroleum Status Report 11:00 AM ET
SPX Breakdown: My Philosophy is price is king and KEEP IT SIMPLE. Here it is. Today My Plan for SPX intraday... Es to Spx 4752. Spx Bull case Open above 4752 we can test 4762 with 4769 and 4774 (this is my preferred move at opening, then adjust). SPX Bear case Open below 4752 and stay below 4752 we can test 4742 with 4733 and 4728. Hope you enjoy!...
This morning market is trading lower. Any test of ETH session High could provide direction for the day. Level to watch: 4838 --- 4836 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
Four down days in a row, something we have not seen in a while. Two years ago today when S&P 500 made ATH. Level to watch: 4751 --- 4753 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
March E-mini S&P 500 Index futures continued the rally that began at the beginning of November, taking out the recent high from the last week in July. MACD recently experienced a bullish cross by crossing above its signal line. That relationship is widening, which indicates a continuing bullish trend. RSI is getting closer to being overbought at 70, though bearish...
Are we there yet? This Santa Claus rally seems to be very strong, but for how long is the question. Level to watch: 4700 --- 4702 Reports to watch: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Announcement 2:00 PM ET US: Fed Chair Press Conference 2:30 PM ET
Yesterday market sold off and closed at its Low. This morning it is trading at bottom half of yesterday's RTH session. Any test of ETH session High could provide direction for the day. Level to watch 4570 --- 4568 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
Markets have been trading sideways for a week. Need to be patient with trading this market. Level to watch 4583 ---- 4581 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET US: Beige Book 2:00 PM ET
This is a holiday abridged week. I expect market volume to taper off after Tuesday or so, with it coming alive following Monday. Thursday and Friday, the NYSE remains closed. Happy Thanksgiving! My Weekly Scenarios Scenario 1: I think if we are able to remain above 4510-4515 this week, there may be a tendency to test 4552 area. I do think there is a possibility...
CBOE:SPX is climbing it's 5th and last (?) wave from the parabolic rise created since the GFC... targets about 5600 CBOE:SPX and from there I do expect the October 2022 lows to be taken out at last...
Two scenarios. Price hits 4550-4600 and stalls in a range to either, Scenario 1, break down and rebalance the BISI FVGs formed at end of October throughout November. Scenario 2, price ranges around 4550-4600 levels before taking out 4640 highs, reaching for 4750.
After a Huge rally yesterday, futures are trading around yesterday's High. Any test of yesterday's HIGH could provide direction for the day. Level to watch: 4522 --- 4524 Reports to watch: US: Business Inventories 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
Last several days market has been rallying. However, last few sessions traders seem to be selling in the afternoon session. Level to watch 4395 --- 4393 Report to watch: US:EIA Natural Gas Report 10:30 AM ET US: Jerome Powell Speaks 2:00 PM ET
Beautiful day of trading. I sent an update on key level of 4376. "LIS down now to 4376, if it holds we may see 4400-4405 tested. " Key level tomorrow will be 4340. I will share any updates in the chat. Stay Frosty!
Scenarios for tomorrow my key level tomorrow will remain 4330-4340. ES Trade Plan Inflection: 4337 Upper Levels: 4340-4345 / 4370 / 4392-4397 Lower Levels: 4307 / 4294-4296 / 4267 Stay Frosty!
Market is trying to rally this morning after selling off during ETH session. We could have a range bound session today. Level to watch 4213 --- 4211 Reports to watch: US:ISM Manufacturing Index 10:00 AM ET US: Construction Spending 10:00 AM ET US:JOLTS 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Announcement 2:00 PM ET US: Fed...