traderdan59

traderdan59

Overnight session market rallied and sold off to test 61.8% level of yesterdays RTH session. As long as market stays above that level we could see another positive day. Would need to see a test of yesterdays Close before deciding on direction. Level to watch 3135 ---3133 Reports to be aware of are: US:New Home Sales 10:00 AM ET US:Consumer Confidence 10:00 AM ET

traderdan59

Market opened gap up during overnight session and traded in a narrow range the full ETH session. Last Friday market closed at Highs of the day and the momentum seems to be with the Bulls for the moment. Would like to see a test of overnight Lows before deciding on direction. Level to watch would be 3118 ---3120

traderdan59

Last couple of days when market sold off , both days market closed at 61.8% Fibonacci level of respective days. In other words, buyers are very active. We might have same thing happen today. Level to watch 3108 ---3106 Report to be aware of are: US:Consumer Sentiment 10:00 AM ET

traderdan59

Yesterday afternoon market sold off and traded below 3100 round number. However, it did rally during overnight session. Need to see a test of 3100 since it is a psychological number traders pay attention. Level to watch 3103---3101 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 Report 10:30 AM ET

traderdan59

Since yesterday afternoon market has been selling off, and continued during overnight session. Overnight session market tested yesterdays RTH session Low twice and sold off and each time was more aggressive than the prior. Need to see a test of yesterdays Low before deciding on direction. Level to watch 3112 ----3110 Report to be aware of are: US:EIA Petroleum...

traderdan59

Overnight market tested yesterdays Open and rallied. However, rally stalled at 1.618 extension of yesterdays RTH session Fibonacci level. Need to see a test of yesterdays Close before deciding on direction. Level to watch is 3122 --- 3124 Reports to be aware of are: US:Quarterly Services Report 10:00 AM ET US:E-Commerce Retail Sales 10:00 AM ET

traderdan59

Overnight session market rallied to 1.618 extension of Fridays RTH session and stalled. This morning it sold off to 50% level of Fridays RTH session. If market can hold 50% level, we could see some positive moves. Level to watch 3116 --- 3118 News to be aware of are: US:Housing Market Index 10:00 AM ET

traderdan59

Since yesterday late morning sell off, market has rallied substantially. For this rally to continue, market needs to stay above 3102. Need to see a test of overnight Highs before deciding on direction. Level to watch 3110-----3108 Report to be aware of : US:Business Inventories 10:00 AM ET

traderdan59

There has been some selling pressure during overnight session. However, it seems like the selling pressure has stalled around 50% of yesterdays RTH level. Need to see a test of overnight low and decide on direction. Level to watch 3091---3093 Report to be aware of : US:Jerome Powell Speaks 11:00 AM ET

traderdan59

Yesterday after making ATH market sold off and continued during overnight session. However, sell off paused at the Low of yesterdays RTH session and continued its downward move until it reached 1.272 Fibonacci level. Currently market seems to be rallying, would need to see test of yesterdays RTH session Lows before deciding on direction. Level to watch...

traderdan59

Overnight market sold off to 50% level of yesterdays RTH session and bounced. However this morning market has been selling off and seems like it is going to test yesterdays RTH Close. Need to see how market reacts to yesterdays Close and decide on direction. Level to watch 3084---3082 However, need to keep an eye on when President Trump speaks during lunch time...

traderdan59

Market sold off overnight to test Fridays low and has been going sideways all morning. Would need to see a test of overnight lows before deciding on direction. Level to watch 3080---3078

traderdan59

Yesterday market after making new ATH sold off . During overnight session market rallied and currently testing Open from yesterdays RTH. If market can take out yesterdays Open convincingly, we might see a rally. Last week we had 3 consecutive days when market made ATH. If that pattern continues, today would be 2nd day of ATH, time will tell if that happens...

traderdan59

During overnight session market has rallied substantially to another ATH. I suppose sellers are going to be active at least this morning. Would like to see a test of overnight Highs before deciding on direction. Level to watch 3085---3083

traderdan59

During overnight session market rallied to test Fibonacci 50% level of yesterdays RTH session, but has not gone above it yet. Would look for overnight High before deciding on direction. Level to watch 3071---3069 Reports to be aware of : US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

During overnight session market is back to where we were yesterday. If we get another ATH when market Opens, we will very likely see sell off again. Would need to see a test of overnight Highs before deciding on direction. Level to watch 3084---3082 Reports to be aware : US:PMI Services Index 9:45 AM ET US:ISM Non-Mfg Index 10:00 AM ET US:JOLTS 10:00 AM ET

traderdan59

Market has been rallying during overnight session to Open with a gap up at ATH. Question is; are the sellers going to show up as they do at ATH. Would need to see a test of overnight high before deciding on direction. Level to watch 3077---3075 Report to watch : US:Factory Orders 10:00 AM ET

traderdan59

Yesterday RTH session market sold off than rallied all afternoon. This morning market has taken out yesterdays High. Would need to see a test of overnight High before deciding on direction. Level to watch 3043----3041 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