traderdan59

traderdan59

On a daily chart, which gap is going to be filled in S&P 500 first. One on down side or upside. Level to watch: 5966 ---5964 Report to watch: US Existing Home Sales 10:00 AM ET

traderdan59

S&P 500 has been negative for last four sessions. Could we see a potential gap fill trade in near future. Level to watch: 5946 --- 5944 Report to watch: U S Business Inventories 10:00 AM ET

traderdan59

Yesterday's rally has continued into ETH session and market will open with a big gap up. Therefore, we might see traders taking profit after such a gain in a day. Level to watch: 5932 --- 5930

traderdan59

Could yesterday's sell off be just like Halloween surprise ? Event though, S&P closed at its Low, but ETH session traders are trying to rally. Level to watch: 5763 --- 5765 Reports to watch: US ISM Manufacturing Index 10:00 AM EST US Construction Spending 10:00 AM EST

traderdan59

S&P 500 has been range bound last several days. Any test of yesterday's Close could provide direction for the day. Level to watch: 5870 ---5872 Reports to watch: US Existing Home Sales 10:00 AM ET US Beige Book 2:00 PM ET

traderdan59

Markets have been very volatile for a while. Patience is key at this pint. Level to watch: 5800 --- 5798 Report to watch: FOMC Minutes at 2:00 PM

traderdan59

Yesterday traders tried to rally but ended in a range bound day. Any test of yesterday's Close could provide direction for the day. Level to watch: 5748 --- 5746 Reports to watch: PMI Composite Final 9:45AM Factory Orders 10:00 AM

traderdan59

Yesterday S&P 500 made ATH before pulling back and closing down for the day. Level to watch: 5830---5828 Report to watch: US: Pending Home Sales Index 10 AM ET

traderdan59

Today being Fed day, markets might trade in a range until in the afternoon. Level to watch: 5702 --- 5704 Reports to watch: US FOMC Announcement : 2 PM ET US Fed Chair Press Conference 2:30 PM ET

traderdan59

S&P 500 has posted back to back gains this week since the pullback last week. Patience is the virtue. Level to watch : 5501 --- 5499

traderdan59

This week traders sentiment seems to down. Historically, September is a challenging month for the market. Level to watch: 5516 ---5514

traderdan59

S&P is trying to rally during ETH session. Any test of yesterday's High could provide direction for the day. Level to watch: 5626 ---5624 Reports to watch: Pending Home Sales Index 10 AM ET EIA Natural Gas Report 10:30 AM ET

traderdan59

Yesterday S&P 500 closed down creating a Bearish Engulfing pattern. It could be reason for caution for Bulls. Level to watch: 5630 ---5628 News to watch: US: New Home Sales 10 AM ET US: Jerome Powell Speaks 10 AM ET

traderdan59

S&P seems to have rallied too far too fast without any pullback. In that case, we could see some sort of mean reversion in near future. Level to watch: 5540 --- 5538

traderdan59

After a great rally yesterday, traders might be taking profit today. Therefore, it could be a range bound day. Level to watch: 5338 --- 5336

traderdan59

After selling off yesterday, S&P 500 closed at bottom third which could be bearish sign. Level to watch : 5400 --- 5398 Report to watch: US Factory Orders 10am EST

traderdan59

Yesterday's price action suggests that Bears are still in control and plenty of supply left. Level to watch: 5547 --- 5545 News to Watch: US PMI Composite Flash 945 AM EST US New Home Sales 1000 AM EST US EIA Petroleum Status Report 1030 AM EST

traderdan59

Yesterday S&P closed at Low of the day and day prior closed at High of the day. Interesting to see what market does today, perhaps a test of yesterday's Close could provide direction for the day. Level to watch: 5658 --- 5656