Bulls and Bears zone for 04-30-2019It is not good for bulls that the market sold off last hour of RTH. However, today we might get a repeat of yesterday.
There are few important reports today that needs mentioning.
US:Chicago PMI 9:45 AM ET
USA US:Consumer Confidence 10:00 AM ET
USA US:Pending Home Sales Index 10:00 AM ET
Sp1
Bulls and Bears zone for 04-04-2019Yesterday's RTH trading pattern was opposite of Tuesday's. Market has been sideways during overnight session. I suppose, we might see a test of overnight session high before any sell off. Since there is no significant economic news today during RTH, it might end up being a range day.
Bulls and Bears zone for 04-03-2019Market sold off 50% of its range during last 30 minutes of yesterday's RTH which is not good for bulls. However, market did rally during overnight session. Perhaps market will test overnight high before deciding on direction.
Keep in mind that US:ADP Employment Report released this morning was below consensus.
Following reports which could impact the market are due as follows:
USA US:PMI Services Index
9:45 AM ET
USA US:ISM Non-Mfg Index
10:00 AM ET
Bulls and Bears zone for April 1, 2019Market has rallied during overnight session. Therefore, it will open gap up. It will probably come down and test 50 MA and maybe 200 MA before any rally.
There are few economic reports due which could move the market as follows:
US :PMI Manufacturing Index at 9:45 AM ET
US:Business Inventories 10:00 AM ET
US:ISM Mfg Index 10:00 AM ET
US:Construction Spending 10:00 AM ET