The S&P 500 index futures were under selling pressure from 6:00 PM EST opening on Sunday night until late in the session. Chaos in China over Covid-19 restrictions had investors…
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In an abbreviated session, the S&P 500 index futures traded in a very tight range (24.50), which is the smallest one in months. For the session, the index made a…
The S&P 500 futures index’s gain of 22.75 handles, with a close of 4033, marks a new closing high for the recent rebound by a wide margin. However, it was…
The week-long consolidation period in the S&P 500 index has been resolved to the upside for now. The buyers on weakness over the last week had to change gears and…
The bulls and the bears are already preparing for their Thanksgiving feasts and the S&P 500 index is reflecting the state of the stand-off. On the upside, the index was…
On Tuesday, after a benign Producer Price Index reading on Tuesday, the index appeared to be in blast-off mode. On Thursday morning, it appeared that Fed governor James Bullard, with…
In a rare occurrence during premarket trading, what was deemed to be the bottom of the four-day trading range, instead marked the top of the intraday range. In a volatile…
After big moves in the markets, like the recent rally, there are periods of consolidation. Those periods help determine whether the move will continue in its current direction or reverse…
Despite the intraday gyrations, the S&P 500 index futures are right back where they ended last week. The premarket rally got a big boost from the less-than-expected reading on the…
One part of technical analysis that is not discussed as much as the levels derived from the actual charts, is “Psychological” support and resistance levels. Besides retail investors, as well…
