Another day of earnings and uncertainty. Nasdaq made higher highs after earnings reports after market close. Dow lost some of the gains made on Tuesday. This has left S&P a bit flustered. There is no clear directional bias on intra-day. Overnight price action, particularly during London, held in a very narrow range. Maybe those in the know, know something retail...
An interesting day, price-action wise, yesterday. Today, more Q1 earnings reports – may put spanner in the works. Overnight, price coiled around the highs of yesterday. Price is above yesterday’s POC and has tested yesterday’s high several times. My take is that price will shoot through the October highs. As to whether it continues, that’s down to earnings...
The first day back from a long weekend. Yesterday's trading volume was rather low as expected, since most of Europe was on holiday. Today, Tuesday, overnight session trading was confined to a narrow range of 6pts within the highs of yesterday's NY session. On open, I am expecting the price to test yesterday's highs. Note this week heavy on Q1 earnings. Rather...
Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.
Price takes out yesterday's highs. It will pull back for a nice short. However, the trend remains up, but this makes for a nice short-term pullback
E-mini S&P continues in an uptrend. Overnight it took out yesterday and Friday's highs. On NY open today, I expect that price will come down and take out overnight lows before resuming the upward journey.
The DXY likely to see more downside in the short term. If this is the case, other currencies should see an upside for the duration.