DanGramza

02:02

DanGramza

Sellers returned during the shortened session on Friday, July 4. The issue now is this profit-taking or has this market gotten so high that new sellers are entering the market. We will not have the final answer on that until next week and we see what type of follow through if any occurs in this market.

02:53

DanGramza

A positive close in the S&P 500 daily chart is expected as we go into a holiday weekend. Buyers are present and ideally a close above 6345 would be an indicator of confidence as the weekend begins.

01:47

DanGramza

Buyers are maintaining an upward pressure in the S&P 500 daily chart. The expectation is that will continue into the close for Thursday.

02:52

DanGramza

The S&P 500 daily chart indicates that buyers continue to be present and the next objective to the upside on the daily chart is 60 to 90.

01:53

DanGramza

The S&P 500 daily chart structure implies a bullish bias with a 6282 objective as it waits for additional fundamental information that will be revealed as this week progresses.

01:33

DanGramza

Buyers maintain control going into the close on Friday in the S&P 500 daily chart. The expectation is for further movement to the upside but not a dramatic move on Monday.

01:26

DanGramza

A stronger close in the S&P 500 daily chart above 6235 would imply the higher confidence going into the weekend. This would indicate that buyers are willing to hold onto positions going into the weekend.

02:54

DanGramza

The structure on Wednesday in the S&P 500 daily chart implies some market that is in a balanced condition and provides a wait and see market environment. It is waiting for additional information to respond to. The biases still for move to the upside. The next objective higher is 6175.

02:14

DanGramza

Fundamentals are supporting buyers in the S&P 500 daily chart. The expectation is for this support to continue on Wednesday with a positive close.

01:35

DanGramza

If the cease-fire holds between Iran and Israel, expect a strong up day in the S&P 500 daily chart. 6125 is the next objective to the upside.

01:07

DanGramza

The Friday close on the S&P 500 daily chart created a neutral environment going into a weekend with the least high tension situation. Be prepared for the potential for high volatility.

01:06

DanGramza

Sellers maintain control in their shortened S&P 500 daily session. Further movement to the downside would be expected however we are approaching levels the buyers have entered this market previously. So be careful on the short side of this market.

01:49

DanGramza

With the shortened trading session in the S&P 500, the expectation is that Thursday will trade within Wednesday's range.

01:32

DanGramza

Sellers have returned to the daily chart in the S&P 500 on Tuesday. The expectation for this type of structure is further movement to the downside but without fundamentals driving the market a smaller range lower is expected for Wednesday.

02:08

DanGramza

A cool off day is expected in the S&P 500 daily chart for Monday, June 16. This would be reflected as a day that would trade inside the range of Friday's daily chart. It will take new information to create volatility and directional up or down movement beyond the midpoint of Friday's daily chart.

02:00

DanGramza

Looking for a positive close on Friday because the bias is bullish and the recent days shows buyers are buying the break.

02:28

DanGramza

Seller showed up on the daily chart in the S&P 500. Typically, with this type of structure follow-through to the downside would be expected. However, with the release of PPI on Thursday it presents the possibility of a daytrading inside of Wednesday's daily range.

01:50

DanGramza

The S&P 500 daily chart is getting ready for fundamentals that will come out on Wednesday. In the Asia session were seeing evidence of selling coming in as the market prepares for Wednesday announcements. This selling could be buyers selling to take profits prior to the fundamentals.