DanGramza

02:32

DanGramza

On Monday it is expected for that day's session to trade within the Fridays range.

01:55

DanGramza

As we see further weakness in the S&P 500, does it indicate that sellers are in control? The current price structure implies that selling is continuing to come into the market including the opening of the Asia time zone. A parameter for us to pay attention to is how the sellers finish going into the weekend. We are approaching levels that we found buyers before....

02:50

DanGramza

Based on Fed comments the S&P 500 on the daily chart sprinted to the downside creating volatility that has not been seen since 2001. The expectation would be for the market to move lower but not a dramatic move as the market catches its breath.

01:33

DanGramza

The main focus on Wednesday will be the Federal Reserve's action taken regarding the fed funds rate. If the Federal Reserve lowers the fed funds rate by 25 bps, the expectation will be an upmarket and a positive close. If the Federal Reserve defers lowering the fed funds rate, the expectation would be a down market and a negative close.

02:29

DanGramza

As the S&P 500 gets ready for the Fed announcement on Wednesday regarding a potential decrease in the Fed funds rate a dramatic move on Tuesday would not be expected without new information to stimulate the market. I am looking for a sideways the only slightly higher movement on Tuesday.

02:07

DanGramza

The structure on Friday implies a neutral finish to the week for the S&P 500 market. I'm looking for an inside day on Monday which means it would trade inside of the range from Friday.

02:09

DanGramza

After sellers pushed the S&P 500 daily chart down inside the range of Wednesday's up day, I am not looking for a large move to the downside or the upside as we go into this weekend. Rather, I am looking for Friday to trade inside the range of Thursday's price action.

02:18

DanGramza

Buyers reenter the daily S&P 500 market on Wednesday based on CPI data. Now will PPI data be able to add fuel to the fire and continue this market higher the objective is 6120.

04:14

DanGramza

The S&P 500 market response to CPI data being released on Wednesday is 50-50 for a directional move.

02:06

DanGramza

Seller's return to the daily chart of the S&P 500 on Monday. Follow-through would be expected but not a dramatic move without new fundamental information.

02:23

DanGramza

Buyers push the S&P 500 higher on Friday. The challenge will be to continue this momentum higher. The structure implies an update for Monday but not a large day on Monday

02:17

DanGramza

The daily structure in the S&P 500 market implies profit-taking and the market in waiting as jobs numbers are released on Friday. The tone of these numbers will set expectations for future Fed action and whether this market will be confident going into the weekend with an up close. How the market will respond is 50-50 in terms of whether a will be up or down.

02:12

DanGramza

The daily chart in the S&P 500 implies momentum continues on the buy side. However, do not look for the same size of move on Thursday but a positive move above 6110 to 120 is expected.

03:36

DanGramza

Buyers bought the break in the S&P 500 daily chart as discussed in the video commentary. The challenge now is can these buyers close above 6075 to 6080.

02:23

DanGramza

Not expecting a big move on Tuesday in the S&P 500 daily chart. The upside objective would be 6075 to 80.

01:30

DanGramza

The positive close on Friday implies the return the buyers on the daily chart in the S&P 500 the next challenge will be if buyers can continue the momentum higher with a close above 6070.

01:32

DanGramza

The typical behavior when you have shortened trading sessions and the bullish bias in the S&P 500 is not to expect high volatility unless there is new news that can stimulate the market.

03:24

DanGramza

Going into the shortened trading session in the S&P 500 for Thursday a sideways move is expected. High volatility is not expected due to a lack of scheduled fundamental information.