traderdan59

traderdan59

Yesterday SPX had gap up opening, narrow range bar accompanied by high volume and closed in bottom half. Just an observation. Level to watch: 6112 --- 6114

traderdan59

Yesterday RTH session price action suggests that traders were cautious. Any test of yesterday's High could provide some sense for the day. Level to watch: 5995 ---- 5993 Reports to look for: US Business Inventories 10am ET US Housing Market Index 10am ET

traderdan59

Yesterday S&P 500 sold off and closed near LOD which could caution momentum traders. Any test of ETH session High could provide direction for the day. Level to watch: 5956 --- 5958 News to watch: US FOMC Minutes --- 2:00PM EST Wishing everyone Happy, Healthy and Wealthy Year !!!

traderdan59

Yesterday's sell off gave back all of November's gain in one day. Could traders still put together a Christmas rally ? Level to watch: 5985 --- 5983

traderdan59

ETH session is testing yesterday's Low which could provide some sense of direction for the day. Level to watch: 6079 --- 6081

traderdan59

It seems that Bulls keep buying and there is no end to this rally. However, all good things come to an end, it is just matter of time. Level to watch: 6084 --- 6082 Reports to watch: US Factory Orders 10:00 AM US Jerome Powell Speaks 1:40 PM US Beige Book 2:00 PM

traderdan59

On a daily chart, which gap is going to be filled in S&P 500 first. One on down side or upside. Level to watch: 5966 ---5964 Report to watch: US Existing Home Sales 10:00 AM ET

traderdan59

S&P 500 has been negative for last four sessions. Could we see a potential gap fill trade in near future. Level to watch: 5946 --- 5944 Report to watch: U S Business Inventories 10:00 AM ET

traderdan59

Yesterday's rally has continued into ETH session and market will open with a big gap up. Therefore, we might see traders taking profit after such a gain in a day. Level to watch: 5932 --- 5930

traderdan59

Could yesterday's sell off be just like Halloween surprise ? Event though, S&P closed at its Low, but ETH session traders are trying to rally. Level to watch: 5763 --- 5765 Reports to watch: US ISM Manufacturing Index 10:00 AM EST US Construction Spending 10:00 AM EST

traderdan59

S&P 500 has been range bound last several days. Any test of yesterday's Close could provide direction for the day. Level to watch: 5870 ---5872 Reports to watch: US Existing Home Sales 10:00 AM ET US Beige Book 2:00 PM ET

traderdan59

Markets have been very volatile for a while. Patience is key at this pint. Level to watch: 5800 --- 5798 Report to watch: FOMC Minutes at 2:00 PM

traderdan59

Yesterday traders tried to rally but ended in a range bound day. Any test of yesterday's Close could provide direction for the day. Level to watch: 5748 --- 5746 Reports to watch: PMI Composite Final 9:45AM Factory Orders 10:00 AM

traderdan59

Yesterday S&P 500 made ATH before pulling back and closing down for the day. Level to watch: 5830---5828 Report to watch: US: Pending Home Sales Index 10 AM ET

traderdan59

Today being Fed day, markets might trade in a range until in the afternoon. Level to watch: 5702 --- 5704 Reports to watch: US FOMC Announcement : 2 PM ET US Fed Chair Press Conference 2:30 PM ET

traderdan59

S&P 500 has posted back to back gains this week since the pullback last week. Patience is the virtue. Level to watch : 5501 --- 5499

traderdan59

This week traders sentiment seems to down. Historically, September is a challenging month for the market. Level to watch: 5516 ---5514

traderdan59

S&P is trying to rally during ETH session. Any test of yesterday's High could provide direction for the day. Level to watch: 5626 ---5624 Reports to watch: Pending Home Sales Index 10 AM ET EIA Natural Gas Report 10:30 AM ET