Bulls and Bears zone for 06-14-2019Overnight session market has sold off and trying to recover at the time of writing. Bears need to defend 2900, otherwise Bulls would become aggressive. That being said , I believe Bears are going to be aggressive and start a sell off.
Need to be aware of reports that could impact the market:
US:Business Inventories
10:00 AM ET
US:Consumer Sentiment
10:00 AM ET
Sp1
Bulls and Bears zone for 06-13-19During overnight session market rallied, therefore, we can expect a Gap up open. Currently, market is trading above yesterdays RTH High which is a sign that it will rally.
If market bounces off the high of the box for today, than look to your left of the chart for previous boxes for levels where market could find possible support and resistance.
Bulls and Bears zone for 06-12-2019During Overnight session market traded within a range close to lower part of yesterday's RTH. Expect Bulls to try to push it higher to today's or yesterday's box on the chart.
If price gets rejected in/below of yesterday's box than expect a sell off to test overnight low.
Reports that could effect market:
US:EIA Petroleum Status Report
10:30 AM ET
S&P 500 LONGS&P 500 is showing a signal that is very similar to my other idea published about the US30.
It has broken through a descending resistance line and is looking good for a long position.
S&P gapped up past the previous high we made in Jan. of 2018 S&P futures are still respecting the upward channel, today they gapped up past resistance levels.
Bulls and Bears zone for 06-05-2019Market rallied overnight and started to sell off after ADP employment numbers were released. Pattern suggests that it will be a selloff and maybe a rally later in the afternoon. Market should test overnight High and/or yesterday's HOD.
The Great Market Giveth and The Great Market Take It Away.
Couple of reports that could impact the market:
US:PMI Services Index
9:45 AM ET
US:ISM Non-Mfg Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 05-31-2019Market sold off during overnight session. It tested yesterday's RTH Low and was rejected. At the time of writing, market is rebounding very likely to test yesterday's RTH low again.
If Bulls can not take out Yesterdays RTH low convincingly, than there would be a sell off very likely.
Couple of reports to be aware of for today:
US:Chicago PMI
9:45 AM ET
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 05-30-2019During yesterdays RTH Bulls could not get over 200 SMA on a 5 minute chart, which is a sign that Bears are still in control of this market.
I suppose we could see a test of overnight session high before a sell off.
Few reports that could impact the market today are as follows:
US:Pending Home Sales Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
US:EIA Petroleum Status Report
11:00 AM ET
Bulls and Bears zone for 05-22-2019Overnight session market rallied and sold off. It is probably going to be a range bound day. Market is currently at 2855, I would look for resistance around 2863 and 2865.
Couple of reports that could effect the market:
EIA Petroleum Status Report
10:30 AM ET
US:FOMC Minutes
2:00 PM ET
Bulls and Bears zone for 05-21-2019Last few days market has been selling off during overnight session and rallying during RTH.
However, today seems to be opposite and rallied during overnight session and still holding. It is very likely that market will sell off during RTH. Look for any test of the overnight High.
Bulls and Bears zone for 05-17-2019Yesterday afternoon's sell off should continue today. Any test of the rectangle area on chart for today should act as resistance.
Need to be aware of couple of reports that could impact the market:
US:Consumer Sentiment 10:00 AM ET
US:E-Commerce Retail Sales 10:00 AM ET