Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moving sideways to downs since Tuesday’s NYSE session close between 5128.75 and 5106.50. The odds are for a sideways to a down day – watch for a break above 5128.75 or a break below 5106.50 for clarity. The major economic data report…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moving above a cup-with-handle pattern on the 15-minute chart. The odds are for an up day – watch for a break below 5051.50 for a change of sentiments. The major economic data report due during the day: Flash Manufacturing PMI (52.0 est.;…
Directional Bias for the Day: S&P Futures are higher at 8:30 AM but moving within a trading range between 5084.25 and 5063.75 since 9:45 PM. The odds are for a sideways to an up day – watch for a break above 5084.25 or a break below 5063.75 for clarity. The major economic data report due…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Futures have been moving sideways since 8:00 PM on Monday within a 50-point range. The odds are for a sideways to an up day – watch for a break above 5123.25 or a break below 5075.75 for clarity. The major economic data report…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Futures moving sideways to up since 3:00 PM within a narrow range. The odds are for a sideways move within a trading range. Watch for a break above 5120.25 or a break below 5088.00 for clarity. The major economic data report due during…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Futures bounced up from a low of 5173.50 before the release of the PPI report at 8:30 AM to above 5210.00. The futures are within a trading range between 5173.5 and 5226.50 since 8:45 AM on Wednesday. The odds are for a sideways…
Directional Bias for the Day: S&P Futures have been moving sideways to up since 4:00 PM between 5272.00 and 5257.75. Futures markets are awaiting the CPI report at 8:30 AM. The odds are for a sideways move with elevated volatility. Watch for a break above 5274.25 or a break below 5257.0 for clarity. The major…
Directional Bias for the Day: S&P Futures have been moving higher since 6:30 AM from a sideways move. Up more than 25 points. The odds are for an up day with elevated volatility. Watch for a break below 5246.00 for a change of sentiments. No major economic data report is due during the day: Weekly:…
Directional Bias for the Day: S&P Futures have been drifting higher since 8:30 PM forming an upsloping flag within a downtrend – a bearish chart pattern. The odds are for a volatile day with a higher probability of a down day. Watch for the reaction to the Non-Farm Payroll report at 8:30 AM. The major…
Directional Bias for the Day: S&P Futures have been drifting higher since 6:30 PM. The odds are for an up day – watch for a break below 5274.25 and 5267.75 for a change of sentiments. The major economic data report due during the day: Unemployment Claims (213K est.; prev. 210K) at 8:30 AM. Trade Balance…
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