Directional Bias For The Day: S&P Futures are higher Mostly moving higher since 10:30 PM on November 29 Near Tuesday’s high and a break above will make a not a textbook style, horizontal channel Odds are for an up to sideways day – watch for break below 2628.00 Key economic data due: Unemployment Claims (238K vs. 241K est.) at 8:30 AM Core PCE Price Index…

Directional Bias For The Day: S&P Futures are higher Mostly moving higher since 9:30 PM on November 28 Breaking above a horizontal channel on 30-min chart Odds are for an up to sideways day – watch for break below 2623.25 Also watch NASDAQ Composite Key economic data due: Prelim GDP (3.3% vs. 3.3% est.) at 8:30 AM Pending Home Sales (est. 1.1%) at 10:00 AM…

Directional Bias For The Day: S&P Futures are higher Mostly moving higher since 10:30 PM on November 27 Breaking above a horizontal channel on 30-min TF with an up bias since 2:30 AM on November 23 Odds are for a sideway day – watch for break above 2605.50 and break below 2602.00 for change of fortunes Key economic data due: CB Consumer Confidence (est. 123.9) at 10:00…

Directional Bias For The Day: S&P Futures are little changed Mostly moving sideways since 11:00 AM on November 21 with an up bias since 2:30 AM on November 23 Odds are for a sideway day – watch for break above 2604.50 and break below 2596.50 for change of fortunes Key economic data due: New Home Sales (est. 685K) at 10:00 AM Markets Around The World Markets…

Directional Bias For The Day: S&P Futures are slightly lower Moved lower from 2:00 PM on Thursday high of 2589.50 to 4:00 AM low of 2579.50; then drifted higher to 2585.50 by 7:30 AM; now again moving down Broke above a down trend line at 6:30 AM; broke below an up trend line from November 15 low…

Directional Bias For The Day: S&P Futures are higher Moving higher since 6:30 PM on Wednesday Broken above 2572.50, which is like a neck to an irregular inverse H&S pattern; 100% extension target is near 2590.00; a downtrend line from the highs may act as a resistance Odds are for an up day – watch for break below 2570.25 for a change of…

Directional Bias For The Day: S&P Futures are down Drifting lower in steps since 3:00 PM on November 13; new leg down since 4:00 PM on Tuesday Broken below a horizontal channel with 100% extension target near 2557.50 Odds are for a sideways to down day – watch for break above 2572.50 for change of fortunes Key economic data due: CPI (0.1% vs.…

Directional Bias For The Day: S&P Futures are down Drifting lower in steps since 3:00 PM on Monday In the lower half of a horizontal channel with high of 2585.50 and low of 2571.50 Odds are for a sideways to down day – watch for break above 2580.50 and break below 2571.50 for change of fortunes Key economic data due: Core PPI (0.4%…

Directional Bias For The Day: S&P Futures are down Drifting lower since 3:00 AM At the lower bound of a descending triangle; break below 2571.500 will have support near 2563.25 and target near 2557.25 Odds are for a down day and downward pressure after any bounce – watch for break above 2576.25 for change of fortunes No key economic data due Markets Around The World…

Directional Bias For The Day: S&P Futures are down Drifting higher since 4:30 AM Uptrend line since 4:40 AM with 2 touches; also an emerging up sloping flag Odds are for increased volatility; higher chances for a down day; chances for an up day are significant – watch for break above 2580.25 and below 2572.75  for change of fortunes Key economic data: Prelim UoM Consumer Sentiment (est.…