Overnight session market rallied, however this morning it started to sell off. If the buyers can hold Fibonacci 618 level of yesterday's RTH session, then we might see a rally. Look for a test of overnight session Low. Level to watch 3255 ---3253 Report to be aware of are: US:Factory Orders 10:00 AM ET US:ISM Non-Mfg Index 10:00 AM ET
After Friday'a sell off, market continued selling off during overnight session. Friday's last hour price action was very obvious about sell off. We might have a range bound day session. Would watch for a test of overnight low for direction. Level to watch 3230 ---3228 Reports to watch is : US:PMI Services Index 9:45 AM ET
Since Friday's rally market has rallied to new ATH during overnight session. Usually, sellers get aggressive at new ATH which is also at Friday's 1.272 Fib extension. Would look for test of overnight High before deciding on direction. Level to watch 3230 ---3228 Reports to be aware of are: US:New Home Sales 10:00 AM ET Wishing you all a Merry Christmas and a...
During overnight session market has formed a nice cup shape which could be a sign of a breakout coming. Need to see a test of yesterdays RTH session highs. Level to watch 3216 ---3214 Reports to be aware of are : US:Consumer Sentiment 10:00 AM ET
Market has been flat for last three trading sessions and trading in a very narrow range. That could be an indication that we might see some sort of breakout. Would look for a test of ETH Lows for confirmation. Level to watch 3196 ---3198 Reports to be aware of are: US:Existing Home Sales 10:00 AM ET US:Leading Indicators 10:00 AM ET US:EIA Natural Gas...
Last couple of days market made new ATH, but were trading in a very tight range. Overnight session market sold off some and bounced to 50% level of yesterdays RTH session. Need to see a test of overnight Highs, if it gets rejected again then we might have some selling pressure. Level to watch 3196 --- 3194 Report to watch : US:EIA Petroleum Status Report 10:30 AM ET
Overnight session market has been trading within a range. It has tested both High and Low of yesterdays RTH session range. Therefore, very likely we will see a breakout of the range during day session. Level to watch 3198 --- 3196 Report to watch : US:JOLTS 10:00 AM ET
Based on Fridays price action, where the daily bar was a Doji, we might get pullback for couple of days before market resumes its trend. If market rejects the 1.272 level of Fridays RTH session, then would look for a test of Fridays Highs. Level to watch 3186 ---3184 Reports to be aware of are : US:Housing Market Index 10:00 AM ET
After an impressive breakout yesterday morning session, market started to sell off then recovered to continue rallying into overnight session. However, this rally has yet to take out Fib 1.272 level extension of yesterday RTH session. If market is not able to take out 1.272 level, then we could have a sell off. Look for a test of overnight Highs. Level to watch ...
After yesterday's beautiful cup and handle action, market rallied during overnight session to Fib 1.618 extension and sold off. Would need to see test of ETH Highs. Level to watch is 3149 --- 3147 Reports to watch are: US:EIA Natural Gas Report 10:30 AM ET
Market has been trading within yesterday's RTH session range during overnight session. Being a Fed day there probably will be a lot of volatility in the afternoon. Would need to see a test of overnight Highs before direction. Level to watch 3135 ---3133 Reports to be aware of are: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Meeting Announcement 2:00 PM...
After yesterdays sell off, market sold off to 1.618 Fibonacci extension before rallying to 50% level. It is very likely we might see a Breakout one way or other direction today. Would like to see a test of ETH Highs before deciding on direction. Level to watch is 3137 --- 3135
During overnight session market has been flat most of the session. It has tested Friday's Open few times but never did it trade below. Therefore, need to see a test of overnight session Low. Level to watch is 3142 ---3144
Market has been sideways during overnight session. Market spiked up based on news this morning. Normally this sort of spike needs to be tested before settling on direction. Level to watch is 3134 --- 3136 Reports to be aware of are: US:Consumer Sentiment 10:00 AM ET
Overnight session market rallied to 1.272 Fib extension of yesterdays RTH session and stalled. Since price has been falling steadily, we could see a pullback today. Would like to see a test of ETH Highs. Level to watch 3111 --- 3109 Reports to be aware of are: US:Factory Orders 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
After yesterdays sell off market rallied and closed above Morning High which should be Bullish. However, during overnight session market tested 50% level of yesterday's RTH session. For this rally to continue would like to see a test of yesterdays Close and and stay above 3100. Level to watch 3094 ---3092 Reports to be aware of are : US:PMI Services Index 9:45...
After yesterdays aggressive sell off market has not let off selling during overnight session. During overnight session, market tried to retrace but could not get to 38.2% level of yesterdays RTH session level. Would like to see a test of 3100 level. Level to watch is 3098 --- 3096
Overnight market High is another ATH. Would like to see a test of ETH High before deciding on direction. Level to watch is 3154 --- 3152 Reports to be aware of are : US:PMI Manufacturing Index 9:45 AM ET US:ISM Mfg Index 10:00 AM ET US:Construction Spending 10:00 AM ET