DanGramza

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.

02:14

DanGramza

Because of the price structure for the last two training sessions in the S&P 500 daily chart a sideways move is expected for Thursday price action. Thursday’s structure will set up the PCE announcement on Friday.

02:45

DanGramza

At the S&P 500 low on the daily chart for Tuesday’s action, sellers backed off the market indicating buyers on the close for this market. The expectation is for further movement to the upside. Watch out for the market reaction to Nvidia results.

01:32

DanGramza

The main focus in the S&P 500 daily chart for Wednesday will be the Nvidia results. The expectation is that Tuesday will be the set up day for Wednesday’s announcements. This means the expectation is not for a large movement to the downside on Tuesday in the S&P 500. The next objective to the downside is 5970.

02:09

DanGramza

Continuation of selling is expected on Monday but not another large range down as seen on Friday. Sellers are expected to catch their breath. 6010 would be the next objective to the downside.

02:23

DanGramza

The expected range for the S&P 500 on the daily chart is inside the Thursday daily range. The ideal close would be a close above 6160 to the upside.

01:26

DanGramza

Another small conservative move to the upside in the S&P 500 is expected for Thursday with the close above 6175.

01:43

DanGramza

Wednesday will give us insights into how the market absorbs the Fed minutes being released on Wednesday. The expectation is the market as a very good feel for what will be revealed and could maintain that upward movement seen in the market. The next objective that you'd want to see the market closing above is 6170.