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Morning Notes 04/05/19 Sentiment Timing
Trading Environment-Short Term: Current Environment-Neutral/Bearish
Hi Everyone,
Futures are getting a little pop from the job numbers this morning, but not a crazy gap higher like we have seen in the previous sessions. Nothing has changed and I am not going to beat a dead horse here. Buy at your own risk! Short term, the predictive analytics model is within the bearish stage, with the back end of the range approaching shortly. Once that hits, it will be bearish for the short term and the intermediate term, will remain cautiously bullish, but that is not a reason to buy up here. I am still looking for the 130-170 point pullback that could start anywhere up here and any day as well. I like the short side from 2885-2905 with a stop above 2920.
The range SPX range for today is 2885 high and 2880 low. A break of 2885 the spx should try for 2896/2900. A push below 2880 we could see 2873/2852. G
SPX CASH 60 minute technicals
Stochastics: Overbought
Divergences- Bearish Divergences
Resistance Levels: R1-2885 R2-2896 R3 2900
Support Levels: S1-2880 S2-2873 S3 2852
Trending Pivots: Neutral/Higher
1.) like our post with a thumbs up (each post)
2.) follow us-you will be alerted via email with each post we enter
3.) leave a comment (It could be as simple as Thanks) (each post)
Morning Notes 04/05/19 Sentiment Timing
Trading Environment-Short Term: Current Environment-Neutral/Bearish
Hi Everyone,
Futures are getting a little pop from the job numbers this morning, but not a crazy gap higher like we have seen in the previous sessions. Nothing has changed and I am not going to beat a dead horse here. Buy at your own risk! Short term, the predictive analytics model is within the bearish stage, with the back end of the range approaching shortly. Once that hits, it will be bearish for the short term and the intermediate term, will remain cautiously bullish, but that is not a reason to buy up here. I am still looking for the 130-170 point pullback that could start anywhere up here and any day as well. I like the short side from 2885-2905 with a stop above 2920.
The range SPX range for today is 2885 high and 2880 low. A break of 2885 the spx should try for 2896/2900. A push below 2880 we could see 2873/2852. G
SPX CASH 60 minute technicals
Stochastics: Overbought
Divergences- Bearish Divergences
Resistance Levels: R1-2885 R2-2896 R3 2900
Support Levels: S1-2880 S2-2873 S3 2852
Trending Pivots: Neutral/Higher