Based on last few days price action, market might test yesterday's High. Any such test could provide direction for the day. Level to watch 4533 --- 4531 Reports to watch: US:Factory Orders 10:00 AM ET US: EIA Natural Gas Report 10:30 AM ET
This morning market started to pull back after its initial rally during ETH session. Any test of yesterday's Close could provide direction for the day. Level to watch 4528 --- 4526 Reports to watch: US: Chicago PMI 9:45 AM ET US: Consumer Confidence 10:00 AM ET
During overnight session, market has recovered most of yesterday sell off. Any test of ETH session High could provide direction for the day. Level to watch 4483 --- 4481 Reports to watch: US:Consumer Sentiment 10:00 AM ET US:Jerome Powell Speaks 10:00 AM ET
ETH market has been trading in a range just as it did during RTH session yesterday. Any test of ETH session High should provide direction for the day. Level to watch 4483 --- 4485 Report to watch: US: EIA Petroleum Status Report 10:30 AM ET
This morning market seems to be pulling back since yesterday's rally. Bulls will need to defend yesterday's Close to continue this rally. Level to watch 4476 --- 4474 Report to watch: US:New Home Sales 10:00 AM ET
Market has rallied last two sessions. For this rally to continue, Bulls have to stay above Friday's Close. Level to watch 4453 --- 4451 Report to watch US:Existing Home Sales 10:00 AM ET
ETH session price action suggests that we might have similar day session as yesterday. Any test of ETH session High could provide direction for the day. Level to watch 4393 --- 4391
Market has finally broke to down side after trading sideways for few weeks. Based on Fibonacci Level market seems oversold. Any test of ETH Low could provide direction for the day. Level to watch 4363 --- 4361 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
During ETH session Sellers have been active to test Fibonacci 50% level from yesterday. Any test of ETH session Low could provide direction for the day. Level to watch 4455 --- 4453 Reports to watch: US:Business Inventories 10:00 AM ET US:Housing Market Index 10:00 AM ET US:Jerome Powell Speaks 1:30 PM ET
This morning market has been trading below Friday's Low. Bulls will need to push market above Friday's Close to continue this rally. Level to watch 4448 --- 4446
After trading in a range for number of days, market finally broke out to upside yesterday. Would we see a follow up today or profit taking day. Test of ETH High could provide direction for the day. Level to watch 4460 --- 4458 Report to watch: US:Consumer Sentiment 10:00 AM ET
All week market has been opening at High and going sideways. Based on price action today might not be any different. Level to watch 4442 --- 4440 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
Yesterday market closed at Fibonacci 50% Level which could be good for Bulls. Any test of yesterday's Close could provide direction for the day. Level to watch 4435 --- 4437 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
ETH session market has been trading below Fibonacci 50% level of Friday's session. If Bulls can not push above Friday's Close then we might see some selling pressure. Level to watch 4423 --- 4421
This morning market traded at ATH. Sellers have a tendency to show up if market trades at ATH during RTH session. Level to watch 4421 --- 4419
Pattern of alternating days seems to be still in play. Therefore, it could be a positive day. Level to watch 4405 --- 4403 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
Last several sessions market has been trading between buyers and sellers alternating days. If that pattern persists then today should be a down day. Level to watch 4406 --- 4404 Reports to watch: US: PMI Composite Final 9:45 AM ET US:ISM Services Index 10:00 AM ET US: EIA Petroleum Status Report 10:30 AM ET
This morning ETH session seems to be bullish since it is trading above Friday's High. Any test of Friday's High could provide direction for the day. Level to watch 4407 --- 4405 Reports to watch: US:PMI Manufacturing Final 9:45 AM ET US:ISM Manufacturing Index 10:00 AM ET US:Construction Spending 10:00 AM ET