Emini
Bulls and Bears zone for 12-29-2020Market has rallied to another ATH during overnight session.
We might see a pullback since traders would like to take profit before Holiday.
Test of ETH High should provide direction for the day.
Level to watch 3744 --- 3742
Wishing you all a prosperous New Year !!!
Bulls and Bears zone for 12-23-2020Since Monday market has been testing the 200 MA, and has not been able to get above to continue a rally.
Any test of ETH High should provide direction for the day.
Level to watch 3684 --- 3686
Reports to watch:
US: New Home Sales
10:00 AM ET
US: Consumer Sentiment
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
Wishing you all a Merry Christmas !!!
Bulls and Bears zone for 12-22-2020Yesterday after a big drop market rallied to close the gap but could not stay above 200 MA.
This morning market is testing 200 MA.
Any test of 200 MA should provide some direction for the day.
Level to watch 3685 --- 3687
Reports to watch :
US: Consumer Confidence
10:00 AM ET
US :Existing Home Sales
10:00 AM ET
Bulls and Bears zone for 12-18-2020Yesterday market traded in a relatively narrow range.
Today we might open at ATH, therefore we might see an attempt to close the gap.
Any test of ETH High should give some direction for the day.
Level to watch 3719 --- 3717
Report to watch:
US: Leading Indicators
10:00 AM ET
Bulls and Bears zone for 12-17-2020Currently market is trading higher than yesterday's RTH session.
For this rally to continue, bulls need to keep it above Fibonacci 1.272 level from yesterday's RTH session.
Any test of yesterday's High could provide direction for the day.
Level to watch 3711 --- 3713
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 12-16-2020This morning market has rallied to test Fibonacci 1.272% Level of yesterday's RTH session.
Any test of yesterday's Close should provide direction for the day.
Level to watch 3688--- 3690
Reports to watch:
US: Business Inventories
10:00 AM ET
US: Housing Market Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US: Fed Chair Press Conference
2:30 PM E
Bulls and Bears zone for 12-11-2020Lately, market rallies then sells off later in the day which could be a sign of distribution.
We might have a repeat of yesterday. Any test of ETH low could provide direction for the day.
Level to watch 3634 --- 3632
Report to watch:
US: Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 12-10-2020Overnight session market has struggled to get to Fibonacci 38.2% level which could be because sellers are in control.
This morning market has been testing yesterday's low which could provide direction for the day.
Level to watch 3656 --- 3658
Reports to watch:
US: EIA Natural Gas Report
10:30 AM ET
US: Treasury Statement
2:00 PM ET
Bulls and Bears zone for 12-08-2020After a steady sell off yesterday, market recovered but could not close positive for the day which could be a sign of weakness.
During ETH session today, market continued its selling to trade below Friday's Low.
Any test of ETH low could provide direction for the day.
Level to watch 3670---3672
Bulls and Bears zone for 12-03-2020ETH session has been trading in a range again, but for this rally to continue market has to take out ATH.
Any test of ETH High could provide direction for the day.
Level to watch 3663 --- 3665
Reports to watch:
US:ISM Services Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 12-02-2020ETH session has traded below yesterday's Close which could be that sellers are active.
Any test of ETH High could provide direction for the day.
Level to watch 3644 --- 3646
Reports to watch:
US: Jerome Powell Speaks
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US: Beige Book
2:00 PM ET
Bulls and Bears zone for 12-01-2020Overnight session market has rallied to new ATH that could be reason to be cautious.
Any test of ETH Highs could provide some direction for the day.
Level to watch 3658 --- 3660
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
US: Jerome Powell Speaks
10:00 AM ET