Emini
Bulls and Bears zone for 08-17-2021During ETH session Sellers have been active to test Fibonacci 50% level from yesterday.
Any test of ETH session Low could provide direction for the day.
Level to watch 4455 --- 4453
Reports to watch:
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
US:Jerome Powell Speaks
1:30 PM ET
Bulls and Bears zone for 08-13-2021After trading in a range for number of days, market finally broke out to upside yesterday.
Would we see a follow up today or profit taking day.
Test of ETH High could provide direction for the day.
Level to watch 4460 --- 4458
Report to watch:
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 08-04-2021Last several sessions market has been trading between buyers and sellers alternating days.
If that pattern persists then today should be a down day.
Level to watch 4406 --- 4404
Reports to watch:
US: PMI Composite Final
9:45 AM ET
US:ISM Services Index
10:00 AM ET
US: EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 08-02-2021This morning ETH session seems to be bullish since it is trading above Friday's High.
Any test of Friday's High could provide direction for the day.
Level to watch 4407 --- 4405
Reports to watch:
US:PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US:Construction Spending
10:00 AM ET
Bulls and Bears zone for 07-29-2021Previous two consecutive sessions market has traded in a range and tested previous day's High.
Any test of Yesterday's RTH session High could provide direction for the day.
Level to watch 4402 --- 4400
Reports to watch:
US:Pending Home Sales Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 07-28-2021Since yesterday's morning sell off, market has rallied back to test HOD from yesterday.
Any test of ETH session High could provide direction for the day.
Level to watch 4400 --- 4398
Reports to watch:
US: EIA Petroleum Status Report
10:30 AM ET
US: FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Mirco E Mini S&P 500 September 2021 ContractPrice is making a consolidation/sideways, give it a couple of days, and I believe it will continue to break down and heading towards the trendline before heading its way up making a new high. Also if you look at the Daily & Weekly chart, u will see the presence of Seller, but u won't see it in 4 hours and below charts but they exist in Daily and above.
Follow my account at Twitter and Tradingview for more analysis
Good Luck!
Adjusted chart for EminisStill an ascending wedge running out of steam, but I wanted to chart it again just to see what a more conservative date for the point of failure might be.
Overnight borrow rates are utterly mental. The real estate market is teetering on catastrophe. Delta is laying waste to conspiracy theorists in the Bible Belt and Midwest. Supply chains will once again be threatened. The Colorado R is drying up. Climate change is starting to real beat the crap out of agriculture. It's gotten so bad that winemakers in Napa can't get insurance. And it's fire season.
Get ready for a bumpy ride into the fall.
Bulls and Bears zone for 07-22-2021It seems that Bulls are in full control of this market.
Bulls need to stay above yesterday's Close for this rally to continue.
Level to watch 4345 ---- 4343
Reports to watch:
US:Existing Home Sales
10:00 AM ET
US:Leading Indicators
10:00 AM ET
US: EIA Natural Gas Report
10:30 AM ET