S&P 500: 65 Thousand Feet View

Monthly Chart Analysis Current Status: Last Update on Tuesday August 01, 2017   Current Trend: Confirmed Uptrend Last Pattern: Double Bottom (or horizontal Channel) (broken out in July 2016) Previous Pattern: Rectangle (broken in Apr-13) Current Streak: 4 Up months Last Six Months 5 Up months Last High 2484.04 (Jul-17) High Month Low Month Last Swing 2193.81 Aug-16 2083.79…

Morning Notes – Wednesday August 2, 2017

Directional Bias For The Day: S&P Futures are higher Off the high of 2476.00 reached at 6:30 AM At the uptrend line from July 27 lows Odds are for sideways day – watch for break above 2476.00 or below 2471.25 for a change of fortunes Key economic data due: ADP Non-Farm Employment Change (est. 187K) at 8:15 AM Markets Around The World Markets in the…