Bulls and Bears zone for 08-13-2021After trading in a range for number of days, market finally broke out to upside yesterday.
Would we see a follow up today or profit taking day.
Test of ETH High could provide direction for the day.
Level to watch 4460 --- 4458
Report to watch:
US:Consumer Sentiment
10:00 AM ET
Emini
Bulls and Bears zone for 08-04-2021Last several sessions market has been trading between buyers and sellers alternating days.
If that pattern persists then today should be a down day.
Level to watch 4406 --- 4404
Reports to watch:
US: PMI Composite Final
9:45 AM ET
US:ISM Services Index
10:00 AM ET
US: EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 08-02-2021This morning ETH session seems to be bullish since it is trading above Friday's High.
Any test of Friday's High could provide direction for the day.
Level to watch 4407 --- 4405
Reports to watch:
US:PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US:Construction Spending
10:00 AM ET
Bulls and Bears zone for 07-29-2021Previous two consecutive sessions market has traded in a range and tested previous day's High.
Any test of Yesterday's RTH session High could provide direction for the day.
Level to watch 4402 --- 4400
Reports to watch:
US:Pending Home Sales Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 07-28-2021Since yesterday's morning sell off, market has rallied back to test HOD from yesterday.
Any test of ETH session High could provide direction for the day.
Level to watch 4400 --- 4398
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
Mirco E Mini S&P 500 September 2021 ContractPrice is making a consolidation/sideways, give it a couple of days, and I believe it will continue to break down and heading towards the trendline before heading its way up making a new high. Also if you look at the Daily & Weekly chart, u will see the presence of Seller, but u won't see it in 4 hours and below charts but they exist in Daily and above.
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Good Luck!
Adjusted chart for EminisStill an ascending wedge running out of steam, but I wanted to chart it again just to see what a more conservative date for the point of failure might be.
Overnight borrow rates are utterly mental. The real estate market is teetering on catastrophe. Delta is laying waste to conspiracy theorists in the Bible Belt and Midwest. Supply chains will once again be threatened. The Colorado R is drying up. Climate change is starting to real beat the crap out of agriculture. It's gotten so bad that winemakers in Napa can't get insurance. And it's fire season.
Get ready for a bumpy ride into the fall.
Bulls and Bears zone for 07-22-2021It seems that Bulls are in full control of this market.
Bulls need to stay above yesterday's Close for this rally to continue.
Level to watch 4345 ---- 4343
Reports to watch:
US:Existing Home Sales
10:00 AM ET
US:Leading Indicators
10:00 AM ET
US: EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 07-19-2021Sellers have been in full control since Friday's session; It is usually a good idea to check Fibonacci levels when markets are oversold.
Any test of ETH session Low could provide direction for the day.
Level to watch 4265 --- 4267
Report to watch:
US:Housing Market Index
10:00 AM ET
What's next for SPX ? S&P E-mini futures pointing down. There could be bounce from 4305 level and then if there's rejection at 4345 or lower levels, can test support levels at 4290, 4280 and then finally 4264. 4230 is the last level for bulls to defend. If it reclaims 4348 and stays above, first green flag. Goes above, stays above 4370 confirmation. Until then bias on downside. Until then every bounce may be faded. Close below 4230, highly likely to test 4142
Bulls and Bears zone for 07-14-2021Bulls have been very active during ETH session; for this rally to continue Bulls will need to take out yesterday's High.
Any test of ETH high could provide direction for the day.
Level to watch 4378 --- 4376
Reports to watch:
US:EIA Petroleum Status Report
10:30 AM ET
US:Beige Book
2:00 PM ET