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
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
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
This week traders sentiment seems to down. Historically, September is a challenging month for the market. Level to watch: 5516 ---5514
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
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
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
After a great rally yesterday, traders might be taking profit today. Therefore, it could be a range bound day. Level to watch: 5338 --- 5336
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
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
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
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
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
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
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
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
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
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