traderdan59

traderdan59

ETH session has rallied to 61.8 Fibonacci level of yesterday's RTH session. Any test of ETH session High could provide direction for the day. Level to watch: 6384 --- 6386

traderdan59

Last week 4 out of 5 sessions S&P 500 made new ATH. However they were all trading within a tight range. Level to watch: 6434---6436

traderdan59

ETH session market is trading higher and expected to Open gap up. Would traders be able to keep that momentum going rest of the RTH session. Level to watch: 6328 --- 6330

traderdan59

S&P keeps going higher after new ATH high earlier this week. Markets could go higher for a while if we see any pullback. Level to watch: 6232 ---6234

traderdan59

Overall market is continuing to rally in general. However, market sold off during ETH session and it's trying to recover in the morning. Level to watch : 6017----6019

traderdan59

SPX has been trading in a range since mid May. Perhaps a pullback might be in the cards. Level to watch: 5946 --- 5948 News to Watch: US Factory Orders 10:00am US JOLTS 10:00am

traderdan59

ETH session markets trending higher, could traders continue this week's rally or need to be cautious. Levels to watch: 5912---5914

traderdan59

S&P 500 is going to have a gap up Open and finally closing gap from early last month. Also traders could be taking profit after yesterday's big UP move. Level to watch: 5643 ---5645 Reports to watch: US : PMI Manufacturing Final 945am US : ISM Manufacturing Index 1000am US : Construction Spending 1000am

traderdan59

Earlier this week S&P 500 has formed a Death Cross which could be significant or not only time will tell. Any test of yesterday's Close could provide direction for the day. Level to watch: 5354 --- 5356 Reports to watch: U.S. Housing Market Index at 10:00AM EST U.S. Jerome Powell Speaks at 1:30PM EST

traderdan59

Futures are trading a little bit lower during ETH session, since there is a lot of uncertainty in the market. Level to watch: 5829 --- 5827

traderdan59

Yesterday, even though it was a down day; S&P 500 closed above its mid point of the days trading range. Any test of yesterday's Close could provide direction for the day. Level to watch: 5602 --- 5600

traderdan59

We had six down days in a row which we have not seen in a while. S&P is probably testing January Lows. Level to watch: 5888 --- 5886

traderdan59

So far S&P 500 has been trading sideways this week. Any test of yesterday's Close could provide direction for the day. Level to watch : 6136 ---6138 Report to watch: US: FOMC Minutes 2:00PM ET

traderdan59

All this week markets have been very volatile. During ETH session traders are testing yesterday's Low. Level to watch: 6046 ---6044

traderdan59

Yesterday SPX had gap up opening, narrow range bar accompanied by high volume and closed in bottom half. Just an observation. Level to watch: 6112 --- 6114

traderdan59

Yesterday RTH session price action suggests that traders were cautious. Any test of yesterday's High could provide some sense for the day. Level to watch: 5995 ---- 5993 Reports to look for: US Business Inventories 10am ET US Housing Market Index 10am ET

traderdan59

Yesterday S&P 500 sold off and closed near LOD which could caution momentum traders. Any test of ETH session High could provide direction for the day. Level to watch: 5956 --- 5958 News to watch: US FOMC Minutes --- 2:00PM EST Wishing everyone Happy, Healthy and Wealthy Year !!!

traderdan59

Yesterday's sell off gave back all of November's gain in one day. Could traders still put together a Christmas rally ? Level to watch: 5985 --- 5983