Overnight session market has sold off substantially, but it has been trading sideways this morning. We might see value buyers show up and try to close the gap. Any test of ETH low should provide direction for the day. Level to watch 3433 --- 3435 Reports to be aware: US:EIA Natural Gas Report 10:30 AM ET US:EIA Petroleum Status Report 11:00 AM ET
#spy Real-Time Algorithmic Trading Signals. Stay curious
Just couple of days ago price was trading near ATH. Yesterday market probed below 3500 and so did ETH session, therefore volatility is increasing. Bulls need to defend 3500 if they want to continue this rally. Level to watch 3499 --- 3497
We have a Sell signal Stop loss and Take profit Mentioned on the chart
After a huge rally yesterday, ETH session traded in a range which is not surprising. However, a test of Fibonacci 50% range of yesterday's RTH session should provide direction. Level to watch 3534 --- 3536
After a consolidation period (a smaller rectangle) the market broke to the upside. This is a good example of a technical breakout when a smaller consolidation takes place before breaking a well established level. That breakout has higher odds to stick. At this point the market is trying to establish a short term top before entering a new consolidation phase. Buy...
Most of this week, market rallies first then sells off in the afternoon. So far today, market has rallied to yesterday's RTH session High, any test should provide some direction for the day. Level to watch 3456 --- 3458
We have a Buy Signal Take profit and Stop loss Mentioned on the Chart
Market has rallied to Fibonacci 127.2% extension during ETH session, which could be some what over extended. Therefore, test of ETH High could provide direction for day. Level to watch 3420 --- 3422 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
After a quick sell off yesterday, during ETH session market has recovered substantially. Any test of Fibonacci 50% and 61.8% level should provide some direction. Level to watch 3367 --- 3369 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
Sell Signal The market may keep going down Stop loss and Take profit Mentioned on the chart
Yesterday's and ETH Highs are around same area which makes it an important level to watch. Any test of ETH high should provide some direction for the day. Level to watch 3385 --- 3387 Reports to be aware: US:JOLTS 10:00 AM ET US: Jerome Powell Speaks 10:40 AM ET
the market may keep going up Stop loss and Take profit Mentioned on the chart
It is interesting that ETH High is same as Thursday's Close. Therefore, bulls need to take that High out if they want to push the market higher, otherwise sellers will take control of the market. Test of ETH high should provide direction for the day. Level to watch 3360-3358 Report to watch: US:ISM Services Index 10:00 AM ET
Yesterday during RTH session, sellers became active at Fibonacci 61.8% level. During ETH session, sellers were active at Fibonacci 50% level. Therefore a test of Fibonacci 50% level should set direction for the day. Level to watch 3335 --- 3337 Reports to watch: US:Consumer Sentiment 10:00 AM ET US:Factory Orders 10:00 AM ET