traderdan59

traderdan59

Four straight down days and S&P 500 closing at its Low yesterday does not bode well for the Bulls. If today closes at its Low again then we could get a pullback. Level to watch: 5290 --- 5292

traderdan59

This month market has been trading in a range. Any test of yesterday's High could provide direction for the day. Level to watch: 5245 --- 5243 Report to watch: EIA Petroleum Status Report 10:30 AM EST FOMC Announcement 2:00 PM EST Fed Chair Press Conference 2:30 PM EST

traderdan59

Market has been trading in a range for last several days with increased volatility. Could today be any different, probably not. Any test of yesterday's High could provide direction for the day. Level to watch: 5132 --- 5134 Reports to watch: US: Jerome Powell Speaks 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET

traderdan59

Volatility has increased recently and could continue for a while. Any test of yesterday's Low could provide direction for the day. Level to watch: 5073 ----5071 Report to watch: 10:30 EIA Petroleum Inventories

traderdan59

This morning markets are rising after a sharp decline yesterday. Any test of yesterday's Close could provide direction for the day. Level to watch : 4992 ---4994 Report to watch: 10:30AM ET: Petroleum Status report

traderdan59

This market just keeps making new ATH almost every day for last couple of weeks. Also Russell 3000 finally made ATH earlier this week. Level to watch: 4922 - 4924 Report to watch: 9:45AM: Chicago PMI 2:00PM: FOMC Announcement

traderdan59

This morning market has been trading High, as earnings season is on its way. Any test of ETH session HIGH could provide direction for the day. Level to watch: 4922 --- 4924 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

So far this year market has been trading in a range. It could also be a sign of distribution, time will tell. Level to watch: 4782 ---4784 Reports to watch: US:EIA Natural Gas Report 10:30 AM ET US:EIA Petroleum Status Report 11:00 AM ET

traderdan59

This morning market is trading lower. Any test of ETH session High could provide direction for the day. Level to watch: 4838 --- 4836 Report to watch: US:EIA Natural Gas Report 10:30 AM ET

traderdan59

Four down days in a row, something we have not seen in a while. Two years ago today when S&P 500 made ATH. Level to watch: 4751 --- 4753 Report to watch: US:EIA Natural Gas Report 10:30 AM ET

traderdan59

Are we there yet? This Santa Claus rally seems to be very strong, but for how long is the question. Level to watch: 4700 --- 4702 Reports to watch: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Announcement 2:00 PM ET US: Fed Chair Press Conference 2:30 PM ET

traderdan59

Yesterday market sold off and closed at its Low. This morning it is trading at bottom half of yesterday's RTH session. Any test of ETH session High could provide direction for the day. Level to watch 4570 --- 4568 Report to watch: US:EIA Natural Gas Report 10:30 AM ET

traderdan59

Markets have been trading sideways for a week. Need to be patient with trading this market. Level to watch 4583 ---- 4581 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET US: Beige Book 2:00 PM ET

traderdan59

After a Huge rally yesterday, futures are trading around yesterday's High. Any test of yesterday's HIGH could provide direction for the day. Level to watch: 4522 --- 4524 Reports to watch: US: Business Inventories 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Last several days market has been rallying. However, last few sessions traders seem to be selling in the afternoon session. Level to watch 4395 --- 4393 Report to watch: US:EIA Natural Gas Report 10:30 AM ET US: Jerome Powell Speaks 2:00 PM ET

traderdan59

Market is trying to rally this morning after selling off during ETH session. We could have a range bound session today. Level to watch 4213 --- 4211 Reports to watch: US:ISM Manufacturing Index 10:00 AM ET US: Construction Spending 10:00 AM ET US:JOLTS 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Announcement 2:00 PM ET US: Fed...

traderdan59

Markets ability to rally yesterday afternoon after a late morning sell off is encouraging. Any test of ETH Low could provide direction for the day. Level to watch 4262 --- 4260 Reports to watch: US: New Home Sales 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Last several days S&P 500 has been trading sideways since bouncing off its 200 DMA. Any test of yesterday's Low could provide direction for the day. Level to watch: 4382 --- 4384 Report to watch: US: Beige Book 2:00 PM ET