traderdan59

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

traderdan59

Yesterday S&P 500 closed down creating a Bearish Engulfing pattern. It could be reason for caution for Bulls. Level to watch: 5630 ---5628 News to watch: US: New Home Sales 10 AM ET US: Jerome Powell Speaks 10 AM ET

traderdan59

S&P seems to have rallied too far too fast without any pullback. In that case, we could see some sort of mean reversion in near future. Level to watch: 5540 --- 5538

traderdan59

After a great rally yesterday, traders might be taking profit today. Therefore, it could be a range bound day. Level to watch: 5338 --- 5336

traderdan59

After selling off yesterday, S&P 500 closed at bottom third which could be bearish sign. Level to watch : 5400 --- 5398 Report to watch: US Factory Orders 10am EST

traderdan59

Yesterday's price action suggests that Bears are still in control and plenty of supply left. Level to watch: 5547 --- 5545 News to Watch: US PMI Composite Flash 945 AM EST US New Home Sales 1000 AM EST US EIA Petroleum Status Report 1030 AM EST

traderdan59

Yesterday S&P closed at Low of the day and day prior closed at High of the day. Interesting to see what market does today, perhaps a test of yesterday's Close could provide direction for the day. Level to watch: 5658 --- 5656

traderdan59

Yesterday S&P 500 hit another ATH and has been rallying for last several days. Any test of yesterday's Close could provide direction for the day. Level to watch: 5680 ---5678 US:EIA Natural Gas Report 10:30AM ET

traderdan59

Yesterday, S&P had a moderate gain. But during ETH session traders are testing yesterday's Low. Level to watch : 5512 ---5514 News to watch: 9:30 AM US: Jerome Powell Speaks 10:00 AM US:JOLTS

traderdan59

So far this week, three days in a row S&P has been making slow gains. However, intraday trading has been range bound. Any test of yesterday's Close could provide direction for the day. Level to watch : 5554 --- 5556 News to watch: 945am: US Chicago PMI 10am : US Consumer Sentiment

traderdan59

Yesterday, S&P 500 closed at record High again and up about 15% for the year so far. Would not be surprising if traders take profit. Level to watch: 5546 --- 5544

traderdan59

S&P has been moving upwards this week and made a New ATH yesterday. Any test of yesterday's Close could provide some direction for today. Level to watch: 5364 --- 5362

traderdan59

After a mixed session yesterday, market is selling off during ETH session. Any test of ETH session Low could provide direction for the day. Level to watch: 5283 ---5281

traderdan59

Yesterday market hitting another ATH got everybody excited. However traders should be cautious. Any test of ETH session High could provide direction for the day. Level to watch: 5331 --- 5329

traderdan59

Is this rally coming to an end. Yesterday afternoon market sold off which continued to ETH session. Any test of ETH session Low could provide direction for the day. Level to watch: 5195 --- 5193 EIA Petroleum Status Report 10:30 AM EST

traderdan59

Yesterday market had a positive day after closing six consecutive down sessions. If traders can keep above yesterday's Close, we could see a positive session as well today. Level to watch: 5066 --- 5064 Reports to watch: PMI Composite Flash 9:45 AM EST New Home Sales 10:00 AM EST

traderdan59

S&P has been down four straight days. Also, yesterday S&P closed a gap from February which coincides with a support level. Level to watch: 5074 ---5072 Reports to watch: Existing Home Sales 10:00 am EST EIA Natural Gas Report 10:30 am EST