Bulls and Bears zone for 10-18-2019Overnight session market sold off and currently rallying at 50% range of yesterdays RTH .
To continue this rally today, market needs to hold .382 level which is also same as close of yesterday's RTH session.
Level to watch 2995---2997
Reports to be aware of are:
US:Leading Indicators
10:00 AM ET
Sp1
Bulls and Bears zone for 10-17-2019During overnight session market has tested yesterday's RTH Low and rallied, which should be Bullish.
Need to see a test of yesterday's Close before deciding on direction.
Level to watch 2994---2996
Reports to watch are:
US:EIA Natural Gas Report
10:30 AM ET
US:EIA Petroleum Status Report
11:00 AM ET
Bulls and Bears zone for 10-16-2019After yesterday's rally market seems to be pulling back .
Any pullback today would be good, because market needs to test yesterday's Low.
Would look for a test of overnight Low and see if it holds.
Level to watch 2988---2986
Reports to watch are:
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
US:Beige Book
2:00 PM ET
Bulls and Bears zone for 10-11-2019Market has rallied substantially during overnight session.
It is currently trading at Fibonacci extension 1.618 of yesterday's RTH range.
Would very likely test overnight High before deciding on direction.
Level to watch 2976-2978
Report to watch:
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 10-10-2019Overnight session has been extremely volatile.
If that is any indication, we might have a volatile regular session as well.
I would expect a test of the overnight session High before deciding on direction.
Level to watch 2925---2927
Report to be aware :
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 10-09-2019Yesterday afternoon market sold off late and closed below AM low.
However, during overnight session market tested yesterday's RTH low and and bounced for a gap up Open.
Therefore, a test of overnight High is due before deciding on direction.
Level to watch 2915---2917
Reports to watch:
US:JOLTS
10:00 AM ET
US:Wholesale Trade
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:Jerome Powell Speaks
11:00 AM ET
US:FOMC Minutes
2:00 PM ET
S&P500 Will Drop Again?!
hey traders,
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and potential second bearish leg.
Target levels will be 2912 and 2882.
However, you can extend your second target to 2840.
Stop will be 2969.
*if the market closes above the range, setup will be invalid
Please, support the idea with like and comment! thank you!)
Bulls and Bears zone for 10-08-2019After rallying yesterday AM, market sold off aggressively to test the Low of the day.
During overnight session, market sold off more to test the High of October 3rd, 2019.
Need to see a test of overnight Lows, before deciding on direction.
Level to watch 2910-2908
News to be aware of :
US:Jerome Powell Speaks
1:50 PM ET
Bulls and Bears zone for 10-07-2019Market has been trading sideways during overnight session.
Low of overnight session is at around 50% level of Fridays RTH session.
It probably needs to test overnight Lows before deciding on direction.
Level to watch 2935---2937
Report to watch:
US:Jerome Powell Speaks
1:00 PM ET
Bulls and Bears zone for 10-04-2019Market rallied this morning and trading higher than yesterdays close, after employment report was released.
I wonder if this rally is sustainable after market opens.
If yesterday was any indication, we might have another volatile day today.
Would need to look for a test of overnight Highs before deciding on direction.
Level to watch 2907---2909
Report to watch:
US:Jerome Powell Speaks
2:00 PM ET
Bulls and Bears zone for 10-03-2019Market tried to rally during overnight session but sellers kept pushing it down.
We might get another day for the bears today if market can not push above 2900.
Would look for a test of overnight Highs before deciding on direction.
Level to watch 2895---2893
Reports to be aware of :
US:PMI Services Index
9:45 AM ET
US:Factory Orders
10:00 AM ET
US:ISM Non-Mfg Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 10-02-2019After yesterdays aggressive selling, market sold off more during overnight session.
We will open gap down, will the market try to close the gap today.
Need to look for a test of overnight Low before deciding on direction.
Level to watch 2938-2940
Report to be aware of :
US: EIA Petroleum Status Report
10:30 AM ET
TRADERSAI.com - A.I.POWERED S&P 500 MODEL TRADES for TUE 10/01Pivotal Month Ahead: For Today, New Month in-flows to Keep the Markets (Artificially) Up?
In the absence of any major drivers, markets are mainly driven by exogenous factors such as the quarter end window dressing (yesterday), and potentially beginning of the month inflows today.
As we wrote on Friday morning, the SPX is stuck in a range of 2945-2995, until something pushes it out meaningfully in either direction. In the meantime, expect directionless meandering within this range.
Read below for our models' trading plans for today.
tradersai.com
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #models, #tradingplans, #outlook, #china, #tradewar, #recession, #yields, #tariffs, #impeachment
Bulls and Bears zone for 10-01-2019Yesterday market rallied in the morning and sold off in the afternoon.
During overnight session market rallied to 1.272 extension of yesterdays RTH session and sold off again.
It seems like the sellers are not ready to give up yet.
Level to watch 2987---2985
Reports to be aware of are:
US: PMI Manufacturing Index
9:45 AM ET
US:ISM Mfg Index
10:00 AM ET
US:Construction Spending
10:00 AM ET
Bulls and Bears zone for 09-27-2019Overnight session market has rallied above yesterdays RTH high.
However, based on price action, this rally looks weak.
Perhaps a test of overnight High before market decides on direction.
Level to watch 2981---2983 ( every day of this week market has tested this level)
Reports to be aware of are:
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 09-26-2019After yesterdays rally market sold off to bounce at 61.8% level during overnight session.
To continue this rally, bulls have to push above 3000 level. Otherwise it might be a long day for Bulls.
Level to watch 2984-2982
Report to watch are:
US:Pending Home Sales Index
10:00 AM ET
US: EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 09-25-2019After yesterdays sell off market has tried to rally during overnight session, but sold off to test low.
If Bulls want to continue this rally, will need to get over 50% to 61.8% Fibonacci level of yesterdays RTH session.
Level to watch 2983---2981
Reports to be aware of are:
US:New Home Sales
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET