ETH session Low is around Close and High of Friday. Any test of ETH Low could provide direction for the day. Level to watch 4336--- 4338 Report to watch: US:ISM Services Index 10:00 AM ET
S&P has closed above 4300 yesterday which makes traders fell better psychologically. During ETH session market has tested Fibonacci 50% level which Bulls will have to defend to continue this rally. Level to watch 4288 --- 4290 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...
Last few sessions market has been closing at ATH. For this to continue, market will have to stay above yesterday's Low. Level to watch 4277 --- 4279 Reports to watch: US:Chicago PMI 9:45 AM ET US:Pending Home Sales Index 10:00 AM ET US: EIA Petroleum Status Report 10:30 AM ET
Market is trading around High of Friday this morning. Any test of ETH High could provide direction for the day. Level to watch 4276 --- 4274
Markets are trading at ATH this morning, sellers have a tendency to show up at ATH. Any test of ETH High could provide direction for the day. Level to watch 4264 --- 4262 Report to watch: US:Consumer Sentiment 10:00 AM ET
Market has rallied to Fibonacci 1.618 extension during ETH session. Any test of ETH High could provide direction for the day. Level to watch 4254 --- 4252 Report to watch: US: EIA Natural Gas Report 10:30 AM ET
Market has been trading in a range during ETH session. For Bulls to continue this rally will need to stay above Fibonacci 50% level of yesterday RTH session. Level to watch 4241 --- 4243 Reports to watch: US:New Home Sales 10:00 AM ET US: EIA Petroleum Status Report 10:30 AM ET
Yesterday's price action suggests that Bulls are aggressive. Any test of yesterday's Close could provide direction for the day. Level to watch 4215 --- 4217 Report to watch: US:Existing Home Sales 10:00 AM ET
Could we see a repeat of last two sessions where market sells off than rallies. Any test of ETH Low could provide direction for the day. Level to watch 4170 ---- 4168
All of overnight session market has been trading in lower third of yesterday's range. Any test of yesterday's Low could provide direction for the day. Level to watch 4198 --- 4196 Reports to watch: US:Leading Indicators 10:00 AM ET US: EIA Natural Gas Report 10:30 AM ET
For last several trading sessions market has been in a range and today might not be any exception. Any test of yesterday's Close could provide direction for the day. Level to watch 4237 --- 4235 Reports to watch: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Announcement 2:00 PM ET US:Fed Chair Press Conference 2:30 PM ET
Although, Bulls are making new ATH but Bears are also active. Any test of yesterday's High could provide direction for the day. Level to watch 4248 --- 4246 Reports to watch: US:Business Inventories 10:00 AM ET US:Housing Market Index 10:00 AM ET
This morning market has tested yesterday's High but was not able to breach. For Bulls to take control they will have to breach yesterday's High with conviction. Level to watch 4236 --- 4234 Report to watch: US:Consumer Sentiment 10:00 AM ET
Selling from yesterday continued during ETH session to bounce at around 4200 even number which is also around Fibonacci level. Any test of yesterday's Close could provide direction for the day. Level to watch 4221 --- 4223 Report to watch: US: EIA Natural Gas Report 10:30 AM ET
Market tested Fibonacci 50% level of yesterday's RTH session during overnight few times. Any test of such level again could provide direction for the day. Level to watch 4221 --- 4223 Report to watch: US: EIA Petroleum Status Report 10:30 AM ET
Market has traded at ATH during ETH session and we might see sellers at those levels. If Bulls want to continue this rally, they will have to take out ETH High. Level to watch 4235 --- 4233 Report to watch: US:JOLTS 10:00 AM ET
During ETH session market tested Friday's Low and bounced, which means that Bulls could be in control. Any test of Friday's High could provide direction for the day. Level to watch 4232 --- 4230
Bulls are trying to rally and currently trading above yesterday's High. Any test of yesterday's High could provide direction for the day. Level to watch 4202 --- 4200 Report to watch: US:Factory Orders 10:00 AM ET