DanGramza

02:03

DanGramza

The expectation for the short session on Monday is to trade inside the Fridays range on the daily chart in the S&P 500.

01:38

DanGramza

The stock market is focused on the outcome of the tax bill and it has created a 50-50 environment. The bias for the stock market is for move higher.

02:09

DanGramza

With the dramatic move in the S&P daily chart based on concerns, I do not look for another dramatic move lower but rather Thursday trading inside of Wednesday's range. What could change this is fundamental information that increases the markets nervousness and continues the break to lower prices.

01:44

DanGramza

The lack of follow-through to the upside on Tuesday in the S&P 500 daily chart implies a market waiting for new information and a sideways market environment which is the expectation for Wednesday's movement.

02:37

DanGramza

After settling off at the beginning of the session on Monday the buyers returned to rally the market to a new high. The expectation is the upward momentum will carry through to the Tuesday session.

02:26

DanGramza

The S&P 500 on Friday had a confident close going into the weekend. The challenge will be follows through on Monday to maintain this momentum to the upside.

02:33

DanGramza

With the positive close on Thursday the expectation now is can buyers provide a confident close above 5970 to 80 on Friday. This would imply that buyers are willing to hold onto a position going into the weekend.

01:41

DanGramza

The structure in the S&P 500 daily chart implies the set up for a sideways market for Thursday's action. It's important to remember that PPI and retail sales will be announced on Thursday and could add volatility to this market.

01:44

DanGramza

Can the upside momentum be maintained in the daily chart on the S&P 500? The momentum does continue at a respectable pace to the upside and was fundamental support the expectation is to see new highs on Wednesday. The upside objective is 5970.

02:36

DanGramza

Buyers are in the S&P 500 on Monday. Look for the continuation of that movement to the upside but not a dramatic move. The objective to the upside would be 5910.

03:26

DanGramza

The movement in the S&P 500 daily chart on Monday depends on what happens in the trade talks between China and the US over the weekend in Switzerland. The S&P 500 is going into the weekend in a neutral position with a bullish bias.

02:09

DanGramza

Friday on the daily chart in the S&P 500 implies training inside the range of Thursday. The ideal objective to the upside is still 5750.

01:21

DanGramza

Follow through to the upside is expected on the daily chart in the S&P 500 with an upside objective of 5750.

02:27

DanGramza

The S&P 500 structure on the daily chart is set up for the Fed comments on Wednesday. A break lower with a shadow at the lows would be typical behavior.

02:38

DanGramza

The bias for the S&P 500 daily chart is for move to the upside but if we do get that follow-through I'm not looking for a dramatic move as the market gets ready to hear what the Fed has to say on Wednesday.

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.