DanGramza

02:03

DanGramza

A confident close in the S&P 500 daily chart on Friday was an indicator that buyers are willing to hold positions through the weekend. But the next challenge will be to carry through of this momentum on Monday starting with the Asia session Sunday night 5 o'clock Chicago time. The upside objective for Monday would be 5750.

03:32

DanGramza

Although there was a positive close in the S&P 500 daily chart, sellers appeared at new highs. The broader structure is a neutral zone. This implies the possibility of a down day on Friday but not a large move lower. It will be very interesting to see how this market absorbs the Friday economic reports.

01:54

DanGramza

In the S&P 500 daily chart the structure implies buying has returned to this market in Asia is a bit stronger. So, is this price action that were seen a buying boost? If it is, the expectation is a positive close above 5670.

02:53

DanGramza

The S&P 500 daily chart indicates buyers are present but the overall structure implies we should be cautiously long at these levels. We still have a lot of fundamental information and economic information coming out this week that can stimulate this market in either direction.

01:26

DanGramza

Monday in the S&P 500 daily chart indicates that buyers bought the break in this market setting up a bullish bias in a week that is filled with economic and equity reports which create a tremendous amount of uncertainty.

01:27

DanGramza

Although the close and the S&P 500 daily chart on Friday was positive, it did not display a stronger close to the upside. This implies the possibility of an inside day on Monday.

03:16

DanGramza

The expectation in the S&P 500 daily structure is a positive close on Friday as the market goes into the weekend.

02:24

DanGramza

Although the S&P 500 closed positive, the price structure implies caution from the long side in this market.

05:07

DanGramza

The S&P 500 daily chart revealed an enthusiastic buyer's response as indicated by the rally during the day session and the continuation of this in the beginning of the Asia session. The expectation is for these buyers to continue higher and to close positive in Wednesday's session.

02:56

DanGramza

The expectation is for Tuesday to respond as an absorption day of the news that came out of Washington over the weekend and created the downward move on Monday. This means the expectation is that Tuesday's range will be inside of Monday's range.

02:31

DanGramza

The structure in the S&P 500 daily chart implies a sideways market environment. The market is waiting for an excuse to rally or break.

02:12

DanGramza

After the S&P break to the downside on the daily chart, the expectation is that on Thursday the market will trade inside the range of Wednesday's action as the market absorbs what happened with fundamental comments on Wednesday. New bearish news could push the market lower but that is not expected for Thursday.

01:51

DanGramza

The structure in the S&P for the last couple days implies a neutral zone market. This means that both buyers and sellers are present with no one group being dominant. The expectation is for a sideways move until we get fundamental information primarily tariff information that will give the market an excuse to rally or break.

01:55

DanGramza

The S&P 500 daily chart structure implies a neutral environment and a sideways move as the market waits for additional tariff announcements this week.

03:23

DanGramza

Structurally in the S&P 500 daily chart it appears that buyers entered the market on Friday but it is in a tenuous situation because all it will take will be a comment, a negotiated deal or some other tariff situation that can create tremendous volatility for this market. If those fundamentals do not occur the expectation would be a firmer S&P 500 starting in the...

03:57

DanGramza

The expectation for Friday's price behavior in the daily chart on the S&P 500 is for Friday's action to trade within the range of Thursday's high to low price range. It will be interesting to see how the market unfolds going into this weekend after the tremendous volatility we had this week. We need new news to see a dramatic move in this market for Friday.

02:53

DanGramza

Trumps deferring tariffs for 90 days created in enthusiastic response from buyers in the S&P 500. The next challenge will be can these buyers maintain this upward momentum. The expectation for Thursday is higher highs but not a large move to the upside.

02:28

DanGramza

The possibility of a trade war with China increased as the US added another layer of tariffs on China bringing the total to 104%. This new uncertainty implies continued downward pressure in the S&P 500. I am looking for a sideways price movement.