traderdan59

traderdan59

It seems that market sentiment is negative given last couple of sessions trading. Any test of Friday's Close could provide direction for the day. Level to watch 4415 --- 4413

traderdan59

Yesterday, trader put together a nice rally but volume seems to be lower then usual. Any test of ETH session High could provide direction for the day. Level to watch 4558 --- 4556 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Market has been trading in a range around Friday's Close during ETH session. Any test of Friday's Close could provide direction for the day. Level to watch 4501 --- 4499

traderdan59

Most of ETH session market has traded around low of yesterday's session. Any test of ETH session High could provide direction for the day. Level to watch 4535 ---- 4533 Reports to watch: US:Factory Orders 10:00 AM ET US:ISM Services Index 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET

traderdan59

Three sessions in a row market has Closed positive in a while, could we see any profit taking. Any test of ETH session High could provide direction for the day. Level to watch 4571 --- 4569 Report to watch: US: EIA Petroleum Status Report 10:30 AM ET

traderdan59

Last several sessions market has been trading in a significant range, today might not be any different. Any test of ETH session High could provide direction for the day. Level to watch 4416 --- 4414

traderdan59

ETH session market has been rallying to test Fibonacci 50% level of yesterday. Any test of ETH session High could provide direction for the day. Level to watch 4360 --- 4358 Reports to watch: US:Pending Home Sales Index 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET

traderdan59

ETH session market has rallied to test yesterday High. For this bounce to continue, market will need to stay above yesterday's Close. Level to watch 4413 ---- 4411 Report to watch: US:Consumer Confidence 10:00 AM ET

traderdan59

After four consecutive down sessions, could there be any value buyers left. Any test of ETH session Low could provide direction for the day. Level to watch 4335 --- 4333

traderdan59

Market has a tendency to do opposite of general sentiment. Any test of ETH session Low could provide direction for the day. Level to watch 4452 ---- 4450 Report to watch: US:Leading Indicators 10:00 AM ET

traderdan59

For Bulls to sustain rally from this morning, market needs to stay above yesterday's low. Any test of ETH session High could provide direction for the day. Level to watch 4594 --- 4592

traderdan59

Market has sold off during ETH session and testing last week's Low. Any test of ETH session Low could provide direction for the day. Level to watch 4609 --- 4607 Report to watch: US:Housing Market Index 10:00 AM ET

traderdan59

Market is currently trading around Fibonacci 50% level of the week. Any test of ETH session Low could provide direction for the day. Level to watch 4604 --- 4606 Reports to watch: US:Business Inventories 10:00 AM ET US:Consumer Sentiment 10:00 AM ET

traderdan59

Last two sessions Bulls have been active and need to keep above yesterday's close to continue this momentum. Any test of ETH session High could provide direction for the day. Level to watch 4725 --- 4723 Reports to watch: US:EIA Petroleum Status Report 10:30 AM ET US:Beige Book 2:00 PM ET

traderdan59

Market is having difficulty holding on to any rally. Any test of ETH session Low could provide direction for the day. Level to watch 4633 --- 4635

traderdan59

ETH session has been trading in a range after a sell off yesterday afternoon. Any test of yesterday's Low could provide direction for the day. Level to watch 4684 --- 4682 Reports to watch: US:Factory Orders 10:00 AM ET US:ISM Services Index 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET

traderdan59

Yesterday, market tested last week's Low and bounced. Any test of ETH session High could provide direction for the day. Level to watch 4807 --- 4809 US:ISM Manufacturing Index 10:00 AM ET US:JOLTS 10:00 AM ET

traderdan59

First day of New Year market has been trading on upper half of last week's range. Any test of ETH session Low could provide direction for the day. Level to watch 4773 ---- 4771 Reports to watch: US:PMI Manufacturing Final 9:45 AM ET US:Construction Spending 10:00 AM ET