Directional Bias For The Day: S&P Futures are higher at 8:00 AM; forming an up-sloping flag, a bearish pattern, since 4:30 PM – up more than 20 points to around 4398.00 Waiting for Fed Chair Powell’s speech at the Jackson Hole Symposium The odds are for a sidewyas to a down day from the pre-open…

Directional Bias For The Day: S&P Futures are higher at 9:00 AM but are declining from a high of 4485.50 at 3:00 AM and forming an ABCD pattern – the two down targets are around 4454.00 and 4440.00 The odds are for a sidewyas to a down day from the pre-open levels around 4465.00, with…

Directional Bias For The Day: S&P Futures are higher at 8:15 AM but are declining from a high of 4425.25 at 4:00 AM – down more than 20 points The odds are for a sidewyas to a down day from the pre-open levels around 4405.00, with elevated volatility – watch for a break below 4399.75…

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; declined ten points from a high of 4440.00 at 8:00 AM The odds are for an up day with elevated volatility – watch for a break below 4405.50 for a change of sentiments The major economic data report due during the day: Existing…

Directional Bias For The Day: S&P Futures are a little higher at 8:00 AM; moving up within an up-sloping flag since 9:15 PM The odds are for an up day with elevated volatility – watch for a break below 4419.25 and the break below the up-sloping flag for a change of sentiments The major economic…

Directional Bias For The Day: S&P Futures are a little higher at 8:00 AM; moving sideways to up within an up-sloping flag since 3:30 PM The odds are for a sidewyas to an up day with elevated volatility – watch for a break above 4467.25 or a break below 4448.00 for more clarity The major…

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; moving down since 9:15 PM – down more than 40 points; The odds are for a down day with elevated volatility – watch for a break above 4492.00 for a change of sentiments The major economic data report due during the day: Retail…

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; reversed direction from the European open – down more than 30 points since 4:00 AM The odds are for a down day with elevated volatility – watch for a break above 4495.25 for a change of sentiments No major economic data report is…

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; broke below a Pennant at 8:30 AM – the next three down targets are near 4458.00, 4448.00, and 4430.00 respectively The odds are for a down day with elevated volatility – watch for a break below 4487.00 for a change of sentiments The…