DanGramza

02:43

DanGramza

The S&P 500 futures market daily chart reflects the anticipatory attitude of the market that the tariffs will not launch a trade for because of a more targeted Washington approach to tariffs. The expectation for tomorrow is an update but not another dramatic day higher,

02:51

DanGramza

The S&P 500 on Friday broke to the downside only to find buyers that created a bouncy bottom for trading that day. If indeed buyers have returned can they follow through. Ideally you'd want to see the market closing above 5800 by the close of Tuesday if indeed buyers have returned to the market.

02:09

DanGramza

The structure and the daily chart of the S&P 500 implies in decision and balance. Neither buyers or sellers are in control. The bias is for move to the upside. If a follow-through moved to the upside does not occur look for a sideways close on Friday.

02:37

DanGramza

The Fed laid out its forecasting for decreases in Fed funds rate through 2027. I think this brings a certain degree of comfort to the market that there is a roadmap to lower interest rates. The result was a positive movement in the S&P 500 daily chart. The expectation is for follow-through to the upside on Thursday but not a large move.

04:09

DanGramza

The S&P 500 index is waiting for the Fed policy statement. Typically, stock indices want to see lower interest rate but the expectation is the Fed will leave their interest rate policy unchanged.

02:13

DanGramza

I am looking for a quiet day in the S&P 500 as the market momentum continues to the upside and the market gets ready for the Fed announcements on Wednesday.

02:21

DanGramza

Follow-through in the S&P 500 daily chart on Monday will be important to reinforce the possibility that buyers are returning to this market. The goal to the upside would be a close above 5700 within the next two trading sessions.

02:09

DanGramza

The structure on Thursday in the daily S&P 500 chart reflects the uncertainty the market feels about tariffs and economic results coming out in the United States. It keeps the market on edge and the result is we had a down day on Thursday. Asia is a little firmer and the overall structure implies an inside day as we go into the weekend. This means Friday's...

01:56

DanGramza

The structure on Wednesday in the S&P 500 daily chart implies a market that got high enough to find sellers. However the overall structure implies the potential for a sideways to higher move.

03:01

DanGramza

The price action on the daily chart in the S&P 500 implies sellers are still in the market but they are slowing down. The possibility that we've gotten low enough to find buyers is showing up in the current structure. However, no reason to be a buyer at current levels we need to see upward price movement to give us an indication that buyers are present.

02:50

DanGramza

The break to lower prices in the daily chart of the S&P 500 is an example of the stock market reacting to what I refer to as the anticipation of a recession which has not occurred this means the market is responding to the possibility of a recession not the reality of being in a recession. It can be difficult for market to maintain directional movement based on...

02:50

DanGramza

The price movement in the S&P 500 this past week was volatile. However, on the close of Friday Powell's comments created a certain degree of comfort in the market and we saw a positive close to Friday's action. The next test will be a close above 5825 on Monday. This would be an indication that buyers are continuing to support this market.

02:11

DanGramza

The price action in the daily chart of the S&P 500 implies uncertainty about market activity. Friday's movement will be based on how the market digests the labor numbers that will be reported on Friday.

02:16

DanGramza

On the daily chart in the S&P 500 buyers have returned to this market. The challenge now is can they follow through which would be a sign of confidence in future positive market action.

02:54

DanGramza

The market will be focusing and scrutinizing on the Trump presentation to Congress. It will be searching for positive news with regard to tariffs, Ukraine and Israel. The expectation is the current lower levels would be attractive to buyers entering the market. However it will be the markets interpretation of the Trump presentation to Congress as the filter to...

01:44

DanGramza

After the break to the downside in the S&P 500 daily chart and inside day is expected. This means Tuesday's trade action will trade inside the range of Monday's trade action. The market needs to absorb the uncertainty that was felt on Monday.

01:52

DanGramza

Buyers have followed through going into the weekend in the S&P 500 daily chart. The challenge is can they make a commitment to close above 5985 on Monday which implies that buyers are willing to continue to hold on to this market

01:48

DanGramza

Sellers drove the S&P 500 lower on the daily chart. The expectation is for lower prices on Friday. However, the key will be how we finish Friday’s price action. This will provide us with clues are sellers buying the take profits or has this market gotten cheap enough to find buyers approaching the market.