After Initially rallying during ETH session market has come down to Fibonacci 50% level. Any test of such level could provide direction for the day. Level to watch 4367 --- 4365 Reports to watch: US:Chicago PMI 9:45 AM ET US:EIA Natural Gas Report 10:30 AM ET
Market has rallied during ETH session to stall at Fibonacci 50% level of yesterday's day session. Any test of Fibonacci level could provide direction for the day. Level to watch 4370 --- 4368 Reports to watch: US:Pending Home Sales Index 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET US:Jerome Powell Speaks 11:45 AM ET
Market could be at oversold area during ETH session. Any test of ETH session Low could provide direction for the day. Level to watch 4392 --- 4390 Report to watch : US:Consumer Confidence 10:00 AM ET
This morning, market is testing Fibonacci 50% Level from Friday's RTH session. Any test of ETH session Low could provide direction for the day. Level to watch 4430 --- 4428
ETH session, sellers are active and could be taking profit. Any test of yesterday's Close could provide direction for the day. Level to watch 4414 --- 4412 Reports to watch: US:New Home Sales 10:00 AM ET US:Jerome Powell Speaks 10:00 AM ET
Bulls do not seem to have any conviction in these rallies. Bulls might have to defend yesterday's Close, if they would like to continue this upward move. Level to watch 4412 --- 4410 Reports to watch : US:PMI Composite Flash 9:45 AM ET US:Leading Indicators 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
Market seems to be rallying during ETH session . For this rally to continue Bulls will have to stay above yesterday's High. Level to watch 4370 --- 4368 Reports to watch: US:Existing Home Sales 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
Value buyers finally showed up yesterday, but to continue this momentum might have to defend yesterday's Close. Any test of yesterday's High could provide direction for the day. Level to watch 4378 --- 4376
ETH session market has sold off aggressively and will be opening big gap down. Any test of ETH session Low could provide direction for the day. Level to watch 4340 --- 4338 Report to watch: US:Housing Market Index 10:00 AM ET
ETH session tested Yesterday's High and got rejected. Any test of yesterday's Close could provide direction for the day. Level to watch 4465 --- 4463 Report to watch: US:Consumer Sentiment 10:00 AM ET
After yesterday's rally, Bulls will have to stay above yesterday's High to continue this rally. Any test of yesterday's High could provide direction for the day. Level to watch 4479 --- 4477 Reports to watch: US:Business Inventories 10:00 AM ET US: EIA Natural Gas Report 10:30 AM ET
During ETH session market has tested Fibonacci 38.2% level from yesterday's session twice already. It might be a good idea to keep an eye on other Fibonacci levels as well. Levels to watch 4440 --- 4438 Report to watch: US: EIA Petroleum Status Report 10:30 AM ET
Yesterday was the first time, in a week, market has been able to Close around Fibonacci 50% level of that day. Any test of such level could provide direction for the day. Level to watch 4464 --- 4462
ETH session market seems to be testing Fibonacci 50% level of last Friday's session. Bears will have to defend Fibonacci levels to put pressure on value buyers. Level to watch 4478 --- 4476
Last two sessions High were around same level where Sellers were aggressive. Any test of ETH session High could provide direction for the day. Level to watch 4504 --- 4502
This morning market is testing Fibonacci 50% level of yesterday's RTH session. Any test of Fibonacci level could provide direction for the day. Level to watch 4497 --- 4495 Reports to watch : US:EIA Natural Gas Report 10:30 AM ET US:EIA Petroleum Status Report 11:00 AM ET
ETH session market has tried to rally but failed at Fibonacci 61.8% level. Any test of ETH session High could provide direction for the day. Level to watch 4526 --- 4524 Reports to watch: US:JOLTS 10:00 AM ET US:Beige Book 2:00 PM ET
It seems Bulls do not have any conviction when the market is pushed higher. Any test of ETH High could provide direction for the day. Level to watch 4532 --- 4530 Report to watch: US:ISM Services Index 10:00 AM ET