DanGramza

01:47

DanGramza

The expectation for the E-mini S&P 500 futures contract for Friday is a session that trade inside the Thursdays range with a positive close.

03:41

DanGramza

Sellers continue to be present in the S&P 500 demonstrated by a week or close on Tuesday. However, we are approaching levels that would be logical to see a buyer bounce. So, be cautious on the short side of this market.

03:41

DanGramza

Sellers are maintaining control in the S&P 500. The expectation for Tuesday's price action is further movement to the downside but not a dramatic move. Be cautious on the short side as we are approaching levels that we have found buyers in the past.

02:13

DanGramza

The down movement on Friday in the S&P 500 implies a market that is overdone to the downside. This means that the typical reaction would be an inside day on Monday as this market catches its breath.

01:38

DanGramza

The expectation for the S&P 500 on Friday is a quiet day as we go into the weekend.

02:52

DanGramza

In the S&P 500 daily chart the buying momentum over the last few days continue moving the market higher. This momentum is expected to continue on Thursday with 60150 the next objective for this market.

03:57

DanGramza

A quiet day in the S&P 500 for Tuesday, December 24 is expected. A lack of fundamentals and a shortened trading session creates the expectation of a quiet session.

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