S&P Daily Pre-Market Prep 5/11/16
My bias is towards the range holding - so really expecting more upside to get to 2095-2105 and then reverse down to test the low of the range. Obviously if we can't make it to the 2095 upside then we...
My bias is towards the range holding - so really expecting more upside to get to 2095-2105 and then reverse down to test the low of the range. Obviously if we can't make it to the 2095 upside then we...
I'm still biased short but also looking at the white box above as a potential range. We will have people looking at this market channeling down, so if we move up from here that channel breaks. I'm...
I'm still sticking with the premise of a move to 2000 but wary of a choppy range 2020-2100 forming.
We've had a push back up through the 71.50 area, I mentioned yesterday being bullish above that and bearish below. I'm a little wary of a small range forming here that could hold us for the next few...
The market has come off with significant volume. So if there's more volume to the downside, I'm now biased towards a move back down to 2000. That's a bias, I'm not married to it.
The FOMC failed to pop us through the highs, which means that's one less catalyst for an up move. It's becoming more likely that we'll just roll over back to 2000 but I'm still waiting for clear ...
FOMC Day. Yesterday was pretty lame at the end, so expectation today is a slow start then fireworks at FOMC time.
So again, looking for this 2100 area to be resolved. Looking for a pop up or a break...
We've come off the 2100 area but no clear rejection or sell off yet. Volume is decent but steady- around 1.7M per day. The upper white line at 71.50 appears to be where we found support, so an eye on...
We have come off the highs, I'm not convinced this means we have rejected them yet as this could be just a shake out. I have an eye on the 4th April high at 2071.50
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