traderdan59

traderdan59

Equities have rallied for three straight days in a row. Any test of yesterday's High could provide direction for the day. Level to watch: 4302 --- 4304 Report to watch: US:FOMC Minutes 2:00 PM ET

traderdan59

After a rally yesterday, equity markets are trading lower again this morning. Any test of ETH session Low could provide direction for the day. Level to watch : 4275 --- 4277 Report to watch: US:EIA Natural Gas Report 10:30 AM ET

traderdan59

After yesterday's sell off, ETH session market seems to be bouncing. Can Bulls follow through today. Any test of ETH session High could provide direction for the day. Level to watch: 4333---4335 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Yesterday afternoon market recovered after selling off in the morning. Today is Fed Day and volatility could be high in the afternoon as well. Level to watch 4502 --- 4504 Report 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’s trading reflects market's growing short-term lack of interest towards a rally. Traders might want to test numbers such as 4500. Level to watch 4510 --- 4512 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Yesterday was a positive day after three straight down days. Can traders end the week with a positive day which remains to be seen. Any test of ETH session High could provide direction for the day. Level to watch: 4454 --- 4456 Report to watch: US: Wholesale Inventories (Preliminary) 10:00 AM ET

traderdan59

S&P 500 has three consecutive days of positive Close this week. Could traders make it four, we will find out later on today. Any test of yesterday's Close could provide direction for the day. Level to watch 4507 --- 4509 Report to watch: US: Pending Home Sales Index 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

After last week's sell off, traders are trying to push S&P higher. Any test of ETH session High could provide direction for the day. Level to watch : 4460 ---4462 Report to watch: US:EIA Natural Gas Report 10:30 AM ET

traderdan59

With the flip of a calendar in August, Bears seems to be in control. Any test of Yesterday's LOW could provide direction for the day. Level to watch : 4432 --- 4430 Reports to watch: US:Leading Indicators 10:00 AM ET USA US:EIA Natural Gas Report 10:30 AM ET

traderdan59

Yesterday, Futures rallied in to Close after being down about 1%. We will find out if it holds. Any test of Yesterday's High could provide direction for the day. Level to watch: 4530 ---4532 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Here is a quote from Warren Buffett: "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Any test of ETH session Low could provide direction for the day. Level to watch : 4568 --- 4566 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

So far this week, markets sold off during ETH session to rally during RTH session. Any test of yesterday's Low could provide direction for the day. Level to watch: 4581 --- 4583 Reports to watch: US: New Home Sales 10:00 AM ET 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

It seems that Bulls are in control so far as earnings are being reported. Any test of yesterday's Close could provide direction for the day. Level to watch : 4585 --- 4587 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

This morning euphoria based on CPI numbers will it continue during RTH session. Any test of ETH session High could provide direction for the day. Level to watch 4512 --- 4510 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Yesterday's price action suggests that Bulls are perhaps taking control. As long as this week's Low holds, we can expect a rally. Level to watch 4410 ---4412 Reports to watch: US: Jerome Powell Speaks 9:30 AM ET US:EIA Petroleum Status Report 10:30 AM ET

traderdan59

Markets pulled back yesterday and ETH session seems to be trending down. Any test of yesterday's Low could provide direction. Level to watch 4413 --- 4411

traderdan59

Market has rallied for several days without any PB. Any test of ETH session high could provide direction for the day. Level to watch: 4428 --- 4426 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

After testing 4300 and being rejected, traders seems to be testing previous day's Low. Any test of ETH session High could provide direction for the day. Level to watch 4298 --- 4296 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET