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
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
After last minute rally of yesterday, market pulled back to Fibonacci .382 level during overnight session. Would need to see a test of overnight Low before deciding on direction. Level to watch 3044----3046 Reports to be aware of are: US:Chicago PMI 9:45 AM ET US:EIA Natural Gas Report 10:30 AM ET
Yesterday market made another ATH and traders sold off to close at LOD. Two days in a row market making ATH in low volume which should be of concern. Need to see if market will test overnight session Lows. Level to watch is 3035----3037 Reports to be aware of are: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Meeting Announcement 2:00 PM ET US:Fed Chair...
Yesterday after making ATH market sold off late in the afternoon and closed at the LOD. Bears are obviously very active. Need a test of overnight Highs before deciding on direction. Level to watch 3037---3035 Reports to be aware of are : US:Consumer Confidence 10:00 AM ET US:Pending Home Sales Index 10:00 AM ET
Overnight session market was trading mostly sideways, until this morning when it broke out to upside. We are very likely to Open gap up, need to see a test of overnight Highs. Level to watch 3033---3035
Yesterday during RTH session market has tested 3011 three different times. Therefore, it is a significant resistance level technically. Would look for a test of overnight Highs before deciding on direction. Level to watch 3011---3009 reports to be aware of are: US:Consumer Sentiment 10:00 AM ET
Overnight session market has tested yesterdays High couple of times, similar pattern to yesterday ETH. Need to look for a test of yesterdays close before deciding on direction. Level to watch 2905---2907 Reports to be aware : US:PMI Composite FLASH 9:45 AM ET US:New Home Sales 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET US:Kansas City Fed...
Overnight session selling continued to Fibonacci 1.272 level of yesterday's RTH range and bounced off twice. Therefore, need to see a test of overnight Lows to decide on direction. Level to watch 2984---2986 News to be aware of : US:EIA Petroleum Status Report 10:30 AM ET
During overnight session market sold off to test 50% level of yesterdays RTH session. It seems to be bullish for now. Need to see a test of overnight session High before deciding on direction. Level to watch 3010---3012 Reports to be aware of are: US:Existing Home Sales 10:00 AM ET
Market has been trading within a range most of the overnight session until this morning. Would need to see a test of that range before deciding on direction. Level to watch 2994----2996
Overnight session market sold off and currently rallying at 50% range of yesterdays RTH . To continue this rally today, market needs to hold .382 level which is also same as close of yesterday's RTH session. Level to watch 2995---2997 Reports to be aware of are: US:Leading Indicators 10:00 AM ET
During overnight session market has tested yesterday's RTH Low and rallied, which should be Bullish. Need to see a test of yesterday's Close before deciding on direction. Level to watch 2994---2996 Reports to watch are: US:EIA Natural Gas Report 10:30 AM ET US:EIA Petroleum Status Report 11:00 AM ET
After yesterday's rally market seems to be pulling back . Any pullback today would be good, because market needs to test yesterday's Low. Would look for a test of overnight Low and see if it holds. Level to watch 2988---2986 Reports to watch are: US:Business Inventories 10:00 AM ET US:Housing Market Index 10:00 AM ET US:Beige Book 2:00 PM ET
Overnight session market rallied but gave it all back this morning. Need to see a test of overnight Low to be held. Otherwise, we could see a sell off to close Thursday's gap. Level to watch 2967---2965
Friday market sold off hard during last hour of RTH session. Overnight session market has been selling of as well. Need to see a test of overnight Low before deciding on direction. Level to watch 2964---2962
Market has rallied substantially during overnight session. It is currently trading at Fibonacci extension 1.618 of yesterday's RTH range. Would very likely test overnight High before deciding on direction. Level to watch 2976-2978 Report to watch: US:Consumer Sentiment 10:00 AM ET
Overnight session has been extremely volatile. If that is any indication, we might have a volatile regular session as well. I would expect a test of the overnight session High before deciding on direction. Level to watch 2925---2927 Report to be aware : US:EIA Natural Gas Report 10:30 AM ET