After rallying yesterday AM, market sold off aggressively to test the Low of the day. During overnight session, market sold off more to test the High of October 3rd, 2019. Need to see a test of overnight Lows, before deciding on direction. Level to watch 2910-2908 News to be aware of : US:Jerome Powell Speaks 1:50 PM ET
Market has been trading sideways during overnight session. Low of overnight session is at around 50% level of Fridays RTH session. It probably needs to test overnight Lows before deciding on direction. Level to watch 2935---2937 Report to watch: US:Jerome Powell Speaks 1:00 PM ET
Market rallied this morning and trading higher than yesterdays close, after employment report was released. I wonder if this rally is sustainable after market opens. If yesterday was any indication, we might have another volatile day today. Would need to look for a test of overnight Highs before deciding on direction. Level to watch 2907---2909 Report to watch: ...
Market tried to rally during overnight session but sellers kept pushing it down. We might get another day for the bears today if market can not push above 2900. Would look for a test of overnight Highs before deciding on direction. Level to watch 2895---2893 Reports to be aware of : US:PMI Services Index 9:45 AM ET US:Factory Orders 10:00 AM ET US:ISM Non-Mfg...
After yesterdays aggressive selling, market sold off more during overnight session. We will open gap down, will the market try to close the gap today. Need to look for a test of overnight Low before deciding on direction. Level to watch 2938-2940 Report to be aware of : US: EIA Petroleum Status Report 10:30 AM ET
Yesterday market rallied in the morning and sold off in the afternoon. During overnight session market rallied to 1.272 extension of yesterdays RTH session and sold off again. It seems like the sellers are not ready to give up yet. Level to watch 2987---2985 Reports to be aware of are: US: PMI Manufacturing Index 9:45 AM ET US:ISM Mfg Index 10:00 AM ET ...
During overnight session market was mostly sideways. Market has been trading within a range for last several sessions. Would need to see a test of overnight Lows before deciding on direction. Level to watch 2963---2965 Report to watch: US:Chicago PMI 9:45 AM ET
Overnight session market has rallied above yesterdays RTH high. However, based on price action, this rally looks weak. Perhaps a test of overnight High before market decides on direction. Level to watch 2981---2983 ( every day of this week market has tested this level) Reports to be aware of are: US:Consumer Sentiment 10:00 AM ET
After yesterdays rally market sold off to bounce at 61.8% level during overnight session. To continue this rally, bulls have to push above 3000 level. Otherwise it might be a long day for Bulls. Level to watch 2984-2982 Report to watch are: US:Pending Home Sales Index 10:00 AM ET US: EIA Natural Gas Report 10:30 AM ET
After yesterdays sell off market has tried to rally during overnight session, but sold off to test low. If Bulls want to continue this rally, will need to get over 50% to 61.8% Fibonacci level of yesterdays RTH session. Level to watch 2983---2981 Reports to be aware of are: US:New Home Sales 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
Market has rallied during ETH and trading above yesterday's High which is Bullish. Bulls will need to defend 3000 level to continue this rally today. Level to watch 3000---3002 Reports to be aware of are: US:Consumer Confidence 10:00 AM ET
During overnight session market sold off to test Fridays low. Need to wait and see how market reacts to Fibonacci 38.2% level from Fridays RTH session. Level to watch 2997---2995
Even though market sold off during yesterday afternoon, based on price action of last couple of hours it seemed more like accumulation. If Bulls can defend yesterdays low, we might see a rally. Need to keep and eye on Fibonacci extensions today. Level to watch 3005-3007.
Market sold off to 38.2% level of yesterday's RTH session and bounced and took out yesterday's high this morning. We should see a pullback sometime today. Level to watch 3015---3013 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
Market has been trading sideways during overnight session. However, it did test the 3000 level and bounced off quickly which is bullish. Today being Fed day a rate cut would give a boost to the market and a subsequent rally . Level to watch 3004---3006 Reports to be aware are: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Meeting Announcement 2:00 PM ET ...
Market has been selling off all night and trading at low of yesterday's RTH session. If Bulls can not push it above 50% level of yesterday's RTH session, we might see a sell off. However, it might be a range bound day. Level to watch 2997---2995 Report to be aware of : US:Housing Market Index 10:00 AM ET
Overnight session market sold off initially then it started to recover. However, it is critical for market to be above 3000 to continue this rally. If market does trade above 3000 then it is probably going to close the gap. Level to watch 2990---2988
Yesterday market rallied late morning but sold off late afternoon. However, selling stopped around .618 Fibonacci level. Therefore, there is strong support at that level and if it holds then we can see a rally. Level to watch 3012---3010 Report to watch: US:Business Inventories 10:00 AM ET US:Consumer Sentiment 10:00