Bulls and Bears Zone for 03-26-2019Yesterday market closed positive for the day. Even though market sold off overnight, but it started to rally this morning. It seems market will open gap up, will it close the gap and rally or vice versa. Time will tell.
US consumer confidence report is due at 10 am EST.
Sp1
Bulls and Bears Zone for 03-19-2019Even though, market closed up yesterday but it was within a range. Overnight session was same except market started to rally in the morning. It would be a good idea to keep an eye on 200 ma.
Couple of reports to be released today that are important since two-third of our GDP is based on consumer spending.
1)US Redbook which compares retail sales at 8:55 am ET
2) US Factory orders of durable and non durable goods at 10 am ET
Time to Short, US Markets SPX! Don't miss this Trade!Were under heavy resistance and forming a bear flag. I can see this dropping out sometime from tomorrow through Monday. Big whales making puts worthless last few weeks to accumulate. This is a swing trade so higher stops. Looking to take profits along the way at fib levels defined.
Previous post below on account I no longer use.
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Bulls and Bears Zone for 02-21-2019Overnight session market came within couple of points to testing 2800. However, it sold off aggressively. If market does rally to test 2800, then it will be the fourth time to do so in last five months. It is important to note that this rally has been mostly with less than average volume. Which makes this rally a suspect and how much higher can it go.