Friday, September 9 2016, was a panic sell day around the world when the S&P 500 broke out of its narrow range day to a large decline of more than 2.27%. It was 90% downside day – when 90% of the volume is to the downside. The market participants were nervous for quite some time and…
Friday September 9 2016, stood out in the market. For the first time since July 8, S&P 500 closed more than 1% from previous day’s close – it shed 2.4%. The selling was continuous and high-volume. The volume for Dow Jones Industrial Average was 53% higher and for SPY, Select Sector SPDR, the volume was 199% higher.…
Directional Bias For The Day: The futures facing downward pressure but odds are for a sideways move with down pressure Futures are sideways since Asian session on Sunday (U.S. time) after falling more in the after-market trading post-NYSE close on Friday Futures off the lows of 2100.25 by more than ten points Markets in Asia were mostly down overnight and…
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